LIQUEFIED natural gas producer Atlantic reduced its headcount by 9 per cent last year, however, the company\u2019s non-tax contributions to the T&T economy increased by 7.6 per cent that year.<\/p>\n

According to its 2018 Sustainability Report, compared to 2017, there were 54 fewer people working at Atlantic last year as the company\u2019s headcount was reduced to 567 employees in 2018 from 621 in 2017.<\/p>\n

Atlantic\u2019s total non-tax contribution in 2018 increased to US$423 million from US$392.9 million in 2017, an increase of 7.6 per cent.<\/p>\n

In 2017, Atlantic also cut jobs, but reduced spending by 10 per cent. Last year, Atlantic announced that around 50 of its permanent staff were offered VSEP packages as a gas supply shortfall hampered the facility\u2019s production.<\/p>\n

The company lamented at the time that it was facing the toughest period in its 20-year history.<\/p>\n

\u201cGlobal LNG prices remain at depressed levels and at the same time, Atlantic continues to suffer from unprecedented levels of gas supply shortfall. Over the last two years, the severe gas supply shortages have resulted in facility utilization rates of less than 70 per cent,\u201d the company said at the time.<\/p>\n

\u201cRecognisng the need to respond to the gas shortages, to streamline its activities and ensure it remains efficient in the new environment Atlantic has conducted a comprehensive review of its business \u2013 part of which has included a review of the required resources,\u201d it added.<\/p>\n

According to the 2018 Sustainability Report, the number of employees at Atlantic declined from 706 in 2016 to 621 in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

LIQUEFIED natural gas producer Atlantic reduced its headcount by 9 per cent last year, however, the company\u2019s non-tax contributions to the T&T economy increased by 7.6 per cent that year. According to its 2018 Sustainability Report, compared to 2017, there were 54 fewer people working at Atlantic last year as the company\u2019s headcount was reduced … <\/p>\n

Continue reading “Atlantic cut staff by 20% in two years”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":7793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-7792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"rttpg_featured_image_url":{"full":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false],"landscape":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false],"portraits":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false],"thumbnail":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic-150x150.jpg",150,150,true],"medium":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic-300x210.jpg",300,210,true],"large":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false],"1536x1536":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false],"2048x2048":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false],"depicter-thumbnail":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",200,140,false],"music-lite-featured-large":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false],"music-lite-featured-medium":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false],"music-lite-featured-small":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",640,448,false],"music-lite-featured-square":["http:\/\/novocommunications.net\/hott93\/wp-content\/uploads\/2019\/08\/atlantic.jpg",732,512,false]},"rttpg_author":{"display_name":"jeewan","author_link":"http:\/\/novocommunications.net\/hott93\/author\/jeewan\/"},"rttpg_comment":0,"rttpg_category":"News<\/a>","rttpg_excerpt":"LIQUEFIED natural gas producer Atlantic reduced its headcount by 9 per cent last year, however, the company\u2019s non-tax contributions to the T&T economy increased by 7.6 per cent that year. According to its 2018 Sustainability Report, compared to 2017, there were 54 fewer people working at Atlantic last year as the company\u2019s headcount was reduced…","_links":{"self":[{"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/posts\/7792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/comments?post=7792"}],"version-history":[{"count":1,"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/posts\/7792\/revisions"}],"predecessor-version":[{"id":7794,"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/posts\/7792\/revisions\/7794"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/media\/7793"}],"wp:attachment":[{"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/media?parent=7792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/categories?post=7792"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/novocommunications.net\/hott93\/wp-json\/wp\/v2\/tags?post=7792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}