Reuters exclusively reported that oil major Chevron expects to cut 10% to 15% of its global workforce as part of an ongoing restructuring at the United States’ second-largest oil producer. Most of the 4,500 to 6,750 job cuts envisioned in the latest plan will happen this year as the company grapples with a slump in oil prices and lower demand due to the COVID-19 pandemic.
Reuters exclusively reports Chevron to cut up to 15% of staff amid restructuring
27 May 2020, 12:00 am. 1 minute
Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
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