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2015-08-20 19:45:00

CHEVRON CUTTING 2,100

CHEVRON CUTTING 2,100

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.

bizjournals.com

Tags: CHEVRON, JOBS, OIL

Chronicle:

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CHEVRON CUTTING 2,100
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CHEVRON CUTTING 2,100
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CHEVRON CUTTING 2,100
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OIL PRICE: ABOVE $75

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