Topics regarding layoffs at CITGO

Topics regarding layoffs at CITGO

Profits drop 85% in '24

Profits have dropped significantly this past year and the sale to a hedge fund that is going to rip the company to shreds looks imminent. What keeps you people around?

Safe to apply?

I see several job openings at Citgo, should I bother applying? Will they be around much longer? I see rumors about bankruptcy or being sold off. Anyone in the know? Thanks

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| 840 views | | 1 reply (December 6, 2023)
Post ID: @OP+1pW5fsj1

Citgo is expected to file bankruptcy

Citgo is facing a breakup of its corporation due to sales of its parent shares resulting in a possible bankruptcy claim. Employees may begin to see layoffs beginning January 2024 or even as early as December 2023. Citgo employees have reportedly... — read more 

Hope things improve

I doubt it, but yes, I hope for CITGO and employees. Some good people...

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| 1440 views | | no replies yet
Post ID: @OP+11RcPw1q

Bank on layoffs coming up late this year or first half 2019

Court ordered asset seizure of the entire Citgo USA was made today, August 9, 2018. Bank on layoffs coming up late this year or first half 2019. I doubt that a gold mining company would want to own or operate an oil related enterprise, so expect it... — read more 

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| 1640 views | | no replies yet
Post ID: @OP+VyiNCBF

Get ready for CITGO 2018 Layoffs

December 1, 2017 headlines back in Caracas, Venezuela: “Pdvsa está en peligro de embargo por impago de deuda”. Translation: Pdvsa is in danger of an embargo (or asset seizure) for non payment of its debts. Likely scenario: CITGO is lost to the bond... — read more 

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| 2420 views | | 2 replies (last February 16, 2019)
Post ID: @OP+QwY6I0V

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