Chesapeake drops 800 workers from payroll
POSTED: Thursday, October 10, 2013 - 5:30am
UPDATED: Thursday, October 10, 2013 - 5:44am
Company also slashed spending in half this year to $7.2 billion
Houston — 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