COMPANIES PRESS RESTRUCTURING MOVES

Restructuring efforts continue to cut a swath through the petroleum industry. Chevron Corp. is marking progress in its cost cutting effort. As a result of a study focused on reducing headquarters staff costs, the company will reduce its headquarters staff in San Francisco by about 28%. The changes will result in a net reduction of about 1,000 positions from early 1992 staff levels, but since about 550 corporate staff employees elected to take early retirement, the net surplus will be about

Nov 23rd, 1992
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