CHEVRON RESTRUCTURING U.S. UPSTREAM UNIT

Chevron Corp. has begun a major restructuring of its U.S. upstream operations in a program designed to cut costs and reduce layers of management. The reorganization of Chevron U.S.A. Inc. will involve an acceleration of its property sales program calling for the sale of more than ,$700 million worth of properties in 1990-91. In addition, the program will eliminate a total of 8001,000 jobs-10-12% of the organization-including middle and senior level management.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies