Occidental Petroleum slashing jobs 'significantly' in cost-cutting move
FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid
HOUSTON - Occidental Petroleum has reduced its workforce ‘significantly’ following the acquisition last year of rival Anadarko Petroleum, the company said on Wednesday. The company has started layoffs after it cut staff through a voluntary program, spokeswoman Melissa Schoeb said. “Occidental’s integration team identified the jobs we need to successfully and safely operate our business and achieve our synergy goals,” Schoeb said, adding that it will “provide assistance through the process” to employees.Reporting by Jennifer Hiller; Editing by Christian Schmollinger
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