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.
© 2020 © 2020 Pittsburgh Business Times