How many percent of employees will be cut from both OXY and APV?
Anyone can share your opinions?
1 reply
I think there will be a layoff of lower performers at Oxy with a larger layoff from APC. Oxy will need to keep technical staff from GOM and the Rockies if we keep those assets. We will also want to keep the better performers from APC. This will all depend on how many people from both companies take the voluntary 55+ retirement packages. Since Oxy didn't do big layoffs during the downturn, there is still some dead wood here. We will cull some of those to keep the better performers at APC. A lot of support from APC will be let go... Management, IT, HR, finance, etc. G&G and engineering won't be hit as hard. No inside info... Just my opinion.