Chevron to Reduce Global Workforce by 10% to 15%


   
    

   OAKHURST, N.J. (DTN) --- In a statement today, a Chevron spokeswoman 
confirmed new organizational structures, a result of streamlining, will require 
10% to 15% fewer positions across the enterprise.

   "Chevron has been taking action to better position the company to compete in 
any operating environment and address current market conditions. This includes 
reducing our operating costs and capital investments, driving efficiencies in 
our workflows and processes, and streamlining our organizational structures to 
reflect the efficiencies and match projected activity levels," the statement 
read.

   Across its global enterprise, Chevron has nearly 45,000 employees. The 
company said the impact of the workforce reduction in each location, business 
segment and function will vary.




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