OCTOBER 31, 2024 — POST-MERGER REDUCTION IN FORCE WITH 500 EMPLOYEES TARGETED
ConocoPhillips is warning of a postmerger reduction in force following its acquisition of Marathon.
According to a company statement, “Marathon Oil expects the acquisition to close in the fourth quarter, and more than 500 employees located at its headquarters at 990 Town and Country Blvd. in Houston should expect to be laid off in the 12 months after closing.”
Marathon Oil CEO Lee Tillman said: “We’re mindful of the impact this announcement has on you, your families and your future and the uncertainty it creates. We know that there will be many questions about this transaction, particularly about how this impacts your employment.
“We aim to ensure that this transaction is respectful of the contributions of our employees, either by offering the opportunity to join the newly combined organization or by providing severance packages. Some employees may be offered full-time or transition positions at ConocoPhillips. Employees will also have the chance to apply for other open roles at ConocoPhillips.”
FEBRUARY 12, 2021 — 100 additional layoffs
The company has laid off approximately 100 domestic employees and has instituted salary cuts for Board Members and senior executives.
According to a company spokesperson, the layoffs were a routine part of the company’s “commitment to continuously optimize our cost structure.”
SEPTEMBER 30, 2020 — JOB LOSSES CONTINUE
According to company reports, the company has laid off more employees.
60 salaried employees in the company’s Galveston Bay, Texas, operation with another 100 employees targeted in the near future. An estimated 200 total jobs will be lost.
60 employees were laid off at the company’s Los Angeles, California, refinery.
45 employees were laid off at the company’s Garyville, Louisiana, refinery.
AUGUST 12, 2020 — Original Post…
Findlay, Ohio-based Marathon Petroleum Corporation, a refiner, marketer, and transporter of petroleum products, has announced a restructuring program impacting approximately 800 employees.
The company will be closing two small refineries, one in Martinez, California and the other located in Gallup, New Mexico. The company may temporarily use the Martinez facility as a petroleum storaage facility or possibly convert the refinery to profuce environmentally-friendly bio-fuels.
Since the Martinez facility is the fourth largest refinery in California, where no new refinery has been built for decades, it will disrupt pricing in California.
The decision was driven by the disruption in the petroleum markets and the lack of demand caused by COVID-19 travel restrictions.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?