Exclusive: Chevron sees up to 15% reduction in positions – memo

Exclusive: Chevron sees up to 15% reduction in positions - memoChevron did not immediately respond to a request for comment. The oil producer has announced spending cuts to cope with an unprecedented fall in oil prices and a slump in demand due to the COVID-19 pandemic. In March, Chevron began offering severance payments to its U.S. oil exploration and production employees if they chose to leave the company.

from Yahoo Finance https://ift.tt/2ZHH5k3

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