Company News: Anadarko cuts jobs, closes offices to trim $100 million

Anadarko Petroleum Corp. has slashed its annual overhead by $100 million, or 15%, by eliminating 400 staff and contract positions, closing offices in Amarillo and Midland, Tex., and focusing its spending "on finding and producing oil and natural gas."Half of the proposed savings will come from personnel reductions, including elimination of currently vacant positions."The remaining $50 million in cuts include across-the-board reductions in general overhead, closing offices in Midland and Amarillo, and consolidating office space at the company's headquarters in The Woodlands," a planned community north of Houston, said company executives."Anadarko is a financially strong company with hi...

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