Layoffs based on new org chart showing Deepwater, Tier 1, and Tier 2/3 manpower needs.
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Does it appear the sale of assets to Cox is falling apart? To me, it seems like Cox knows Chevron is hurting badly and is holding out for lower prices.
Strange since the sale with Cox seems to be falling apart at rapid speeds due to the issue of T&A vs P&A. Unless a miracle takes place there is no sale, therefore these layoffs are not due to a sale.
What percentage is this? How many people do we have in Covington?
When are the layoffs starting? Tired of the wait
This is not part of the ESP layoff. It has to do with asset sale to Cox. I am sure leadership has no conveyed this.
I expected to see Texas Warn Act notifications this week. None posted at this time
The real number is 4,400 and what was said in this thread is true. This is somewhat piecemeal. For example D&C and associated are downsized first, then buisness SCM, fiance etc. So expect multiple WARN notices.
Is this part of the 3500 Watson mentioned?
45 offshore and 340 office personnel for Louisiana, unfortunately it is only the beginning.
Chevron announced possible layoffs at five offices in Louisiana, including two Lafayette locations.
The announcement was made through the Louisiana Workforce Commission, which requires companies to report layoffs if is a full plant closure resulting in 50 or more employees losing their jobs in any 30-day period or if there is a mass layoff during any 30-day period. A layoff is considered a mass layoff if it is more than 500 employees or if it is between 50 and 499 employees and comprises 33 percent or more of the active workforce at that particular site.
Chevron warned the Workforce Commission that it will lay off 385 employees, including 45 offshore workers and 340 employees at the following offices:
100, 109 and 114 Northpark Blvd., Covington
111 Park Place Drive, Covington
205 Holiday Blvd., Covington
5750 Johnston St., Lafayette
200 Galbert Road, Lafayette
In a statement given to the Workforce Commission, Chevron officials said "in light of the current market environment, Chevron is focusing its efforts on increasing efficiencies, reducing costs and prioritizing projects in the Gulf of Mexico."