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Chesapeake drops 800 workers from payroll

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POSTED: Thursday, October 10, 2013 - 6:30am

UPDATED: Thursday, October 10, 2013 - 6:44am

Company also slashed spending in half this year to $7.2 billion

The Houston Chronicle is reporting; Chesapeake Energy dropped 800 workers from its payroll Tuesday as new management continues to throttle down from an aggressive stance that threw the company into deep debt.

The Oklahoma City-based oil and gas producer’s total job cut count this year is 1,200 employees, about 10 percent of its workforce.

To read more, head to The Houston Chronicle's website: http://fuelfix.com/blog/2013/10/08/chesapeake-energy-lets-go-1200-employees/?cmpid=hpts
 

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