(Adds further details on layoffs from paragraph 2 onwards)
May 15 (Reuters) - Santos Ltd (STO) , Australia's No. 2 independent gas producer, on Wednesday said it will remove around 200 roles in Western Australia, Northern Territory, and Timor-Leste unit due to sluggish project approvals and delayed growth activities.
Santos conducted a review of certain business units over the recent months in the wake of some late-life assets nearing closure and related decommissioning activities while new project approvals take longer than anticipated, it said.
The 200 roles the company plans to do away with also include contractors and are largely Perth-based employees with a small number in other locations.
"Santos will support impacted employees, including through our Employee Assistance Program and an outplacement service providing career transition support," the company said in a statement.
News: STO UPDATE 1-Australia's Santos to sack 200 employees as project approvals slow
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