Chevron to cut up to 7,000 jobs amid oil slump

October 30, 2015 1:14 PM

31 0

Energy giant Chevron plans to shed 6,000 to 7,000 jobs and slash its capital investment plan after low energy prices dealt a sharp blow to the company's sales and profit in the third quarter.

The company is latest in a series of energy giants that are turning to steep job cuts to stabilize its finances amid a prolonged slump for oil and natural gas prices.

Also read: Jaguars place TE Thomas, DE Odrick on injured reserve

Read more

To category page

Loading...