TEXACO R&M TO RESTRUCTURE; UNOCAL TO REDUCE WORK FORCE
Restructuring and work force reductions continue in the U.S. petroleum industry. In the latest moves: Texaco Refining & Marketing Inc. (TRMI) disclosed a plan to restructure its U.S. executive and support operations. The goal is to further strengthen its competitiveness. Restructuring will be limited to TRMI's executive offices in Houston and regional staffs in Los Angeles and Tulsa. It will be essentially complete by yearend.