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Chevron cutting up to 7,000 jobs; profit falls to $2 billion
2015-10-31 08:57:46| Energy - Topix.net
Chevron Corp. is cutting up to 7,000 jobs, or 11 percent of its work force, as it deals with lower oil prices that are cutting deeply into profit. The company said Friday that it would cut capital and exploratory spending next year by one-fourth, with further cuts in 2017 and 2018 depending on the oil industry's condition then.
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Chevron cutting up to 7,000 jobs as oil profits shrink
2015-10-31 08:20:35| Oil & Gas - Topix.net
Chevron is cutting up to 7,000 jobs, or 11 percent of its workforce, the latest indication of the toll that low oil prices are taking on the industry. The two biggest U.S. oil companies reported huge profits for the third quarter.
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oil
cutting
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Steel company Caparo to cut 452 jobs
2015-10-30 15:56:50| BBC News | Business | UK Edition
More than 450 jobs are to go at steel sites run by Caparo Industries across the UK, administrators say.
Jobs shifting to Milwaukee chocolate plant
2015-10-30 08:10:08| Food - Topix.net
Cargill Inc. will shift production in January to its Milwaukee operation, at 12500 W. Carmen Ave., as well as three plants in Pennsylvania, and a facility in Ontario, Canada, after closing another plant in Lititz, Pa., the company said. The Milwaukee facility, with around 250 employees, will add around 15 positions, said Pete Stoddart, a spokesman for Minneapolis-based Cargill.
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More oilpatch layoffs: Devon Energy cuts 200 jobs in Alberta
2015-10-29 20:03:03| Energy - Topix.net
Devon's Jackfish complex in Alberta reached the 100-million-barrel milestone of cumulative production in early 2015, but now the company says it is scaling back capital investments in Canada. Devon Energy says it has cut 15 per cent of its Canadian workforce as the company responds to lower capital spending plans.
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