Jobs could be at risk after proposals to close Phillips 66’s Warwick site.
The company specialises in marketing and selling fuels.
Phillips 66 currently have three sites, one at The Humber Refinery in Lincolnshire, one in London and another in Warwick.
Around 120 people are currently employed at the Phillips 66 office in Warwick and in 2006 the office was awarded the Warwickshire Employer of Choice. The company also sponsor Leamington Football Club’s ground.
Today the company confirmed that there are proposals to shut down the office in Warwick. It is believed the organisation will try and relocate some of the jobs to its other two sites.
It is currently unknown what will happen to the 120 jobs people hold at the office.
A spokesperson from Phillips 66 said: “Phillips 66 is committed to its future in the UK, as demonstrated by continued investment.
“The UK businesses recently initiated a review to ensure it was well-positioned for a sustainable future in a challenging and ever-evolving market.
“The review has resulted in a proposed repositioning of our business.
“The proposal streamlines our support functions and consolidates the business into two core locations: the Humber Refinery, the heart of our UK business, and London, the commercial and trading centre of the UK.
As a result it is proposed that our Warwick office will be closing first quarter 2018. The proposed repositioning is subject to the completion of the necessary Information and Consultation processes.
“It is proposed that the majority of our Warwick-based Marketing roles, with some exceptions, will re-locate to our Aldersgate office in London.
“In total 116 Warwick-based employees are impacted by this proposed repositioning. Whilst we hope to be able to relocate a significant number of employees from Warwick and have them continue their roles from our London or Humber office, we do recognise the challenge of this proposed change.
“We expect that a number of employees will elect not to relocate, and we anticipate 59 roles (of which 12 of these are currently vacant) will be eliminated across the three locations as a result of the proposed repositioning.
“Over the past 25 years, Phillips 66 has enjoyed strong relationships within Leamington and Warwick with local businesses, charities and educational bodies, through a continuous programme of community investment and engagement.
“Our desire has been to make a difference within the footprint of our community. This has provided many opportunities for our employees to get involved, whether through community days, fundraising activities or support given to local good causes.
“Aside from employee fundraising, Phillips 66 has donated in excess of £1 million to this community since we moved to Warwick in 1992.
“We are proud to support and have committed to supporting Leamington Brakes Football and locally-based Armonico Consort for the longer term.
“The proposed relocation of our UK marketing business from our Warwick office will ultimately mean that the Phillips 66 name will not feature as prominently in the local area.
“However we leave behind a strong legacy of financial support and engagement, and are proud that we have been able to live up to our vision of Providing Energy, Improving Lives in Warwick and the surrounding areas.”