Business

Chevron Appalachia sets date for layoffs as it works to sell local assets

By By Paul J. Gough – Reporter, Pittsburgh Business Times
WPXI CHEVERON Chevron headquarters in San Ramon, California. The company has announced when its local lay offs will start. (Todd Johnson/San Francisco Business Times)
By By Paul J. Gough – Reporter, Pittsburgh Business Times

MOON TOWNSHIP, Pa. — Chevron Corp. is planning an initial round of local layoffs April 6 as it works to divest its Appalachian natural gas operations, according to a letter the company sent to the Pennsylvania Department of Labor & Industry earlier this month.

Chevron (NYSE: CVX) has 288 employees at its regional headquarters at 700 Cherrington Parkway in Moon Township near Pittsburgh International Airport. It also has 32 employees at a regional office in Mt. Braddock, Fayette County. It announced in December that it was divesting its natural gas wells and drilling in Pennsylvania, West Virginia and Ohio, and in the fourth quarter took a $6.5 billion noncash charge in writing off the value of assets in an extended decline of natural gas prices.

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