Sector News

Chevron’s Houston job cuts to begin this fall

August 18, 2015
San Ramon, California-based Chevron Corp. (NYSE: CVX) has informed the state of Texas it will begin cutting jobs in Houston in October.
Last month, the oil giant revealed it would cut about 950 jobs in Houston, plus 500 jobs at its San Ramon headquarters, 50 international jobs and 600 contractor jobs.
“In light of the current market environment, Chevron is taking action focused on increasing efficiency, reducing costs and focusing on work that directly supports business priorities,” the company said in its Worker Adjustment and Retraining Notification Act letter to the Texas Workforce Commission.
In Houston, jobs will be cut at 1500 Louisiana St., 1400 Smith St., 1600 Smith St. and Two Allen Center.
The earliest Houston job cuts will occur on Oct. 12. Affected employees will receive 60 days notice, severance and outplacement assistance. However, they are not represented by unions and do not have bumping rights, meaning workers with more seniority cannot take jobs of less senior workers.
A previous report indicated the job cuts are expected to be complete by November.
By Olivia Pulsinelli

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Food & Drink

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach