AmericasOffshore

Chevron to lay off 1,000 more workers

Chevron is increasing its planned job cuts to 8,000 as the oil-price slump continues to hurt, according to the Houston Chronicle.

The San Ramon, California-based oil multinational – which has huge offshore production interests – had previously said it would cut 7,000 jobs from its staffing levels of the summer of 2014 when the price plunge began.

The extra 1,000 planned job cuts would mean a 12% drop from those staffing levels of nearly two years ago.

Across the industry companies are shedding personnel and contractors as they try to cut costs while paying off debts for loans undertaken in the days of high-priced crude.

Less than three weeks ago Chevron, the second-largest integrated energy company in the US, announced it was axing 655 jobs in Houston alone as part of the layoffs.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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