Chevron poised to wield jobs axe
Chevron said in a regulatory filing that after implementing a restructuring
plan last year, about 1100 employees were eligible for severance payments,
with the US supermajor adding that it is poised to make a slew of job cuts.
Severance payments for about 300 staffers, mostly outside the US, had already
been made as of 31 March, Chevron said in a filing with the US Securities &
Exchange Commission.
The majority of job cuts are expected to occur this year, and the programme
is expected to be completed by the end of next year, Chevron said in the
filing.
09 May 2008 09:11 GMT
| last updated:
09 May 2008 16:04 GMT
Latest jobs
