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Total's CEO says does not expect to cut jobs

Reuters - UK Focus

PARIS, Jan 19 (Reuters) - French oil and gas major Total (Swiss: FP.SW - news) does not plan to cut jobs as peer BP has done to withstand the dramatic fall in oil prices, Chief Executive Officer Patrick Pouyanne said in a radio interview on Tuesday.

Speaking in an interview with Europe 1 radio, Pouyanne said the firm had the financial capacity to weather the price fall.

Asked if Total will cut jobs as BP has done, Pouyanne said:

"No. We are use to these circles and jobs cannot be the adjustable variable because I'll need these workers when the price goes back up, and it will go back up someday. I don't know when." (Reporting by Bate Felix)