HOUSTON: LyondellBasell Industries said on Tuesday that it plans to cut salaried staff at its Houston oil refinery because of losses during the COVID-19 pandemic.
Several US refineries have closed or reduced operations this year. In August, Marathon Petroleum said it would permanently close two plants in response to lower fuel demand. Calcasieu Refining idled its Louisiana plant for economic reasons the same month. In a letter to employees, Refinery Manager Greg Nevermann said that before imposing involuntary layoffs the company would offer enhanced retirement packages to eligible employees and offer reassignments to the chemical maker’s other locations.
Lyondell's cost-cutting, including cutting travel and outside consultants and deferring non-safety-related maintenance, has not succeeded in reducing losses, he wrote.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: LyondellBasell to cut Houston refinery staff by 10per cent on pandemic lossesLyondellBasell Industries said on Tuesday that it plans to cut salaried staff at its Houston oil refinery because of losses during the COVID-19 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Huawei plans more cuts to jobs, investment in AustraliaThe Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd said it would continue to cut staff numbers and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
World leaders mark UN at 75, challenged by Covid-19 pandemic, US-China tensionsUNITED NATIONS (REUTERS) - World leaders came together, virtually, on Monday (Sept 21) to mark the 75th anniversary of the United Nations, as the deadly coronavirus pandemic and tensions between the United States and China challenge the effectiveness and solidarity of the 193-member world body.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stranded babies, sobbing parents: Covid-19 pandemic splits surrogates from familiesBEIJING (AFP) - Cherry Lin wistfully strokes a babygrow, fretting it may be too small for a son she is yet to meet - one of hundreds of Chinese mothers estranged from babies born to commercial surrogates overseas after the coronavirus forced border closures.. Read more at straitstimes.com. 2 minutes video no one should skip: Dr. Yan: the coronavirus was made in the lab to target human by the Chinese Communist Party!
Source: The Straits Times - 🏆 8. / 63 Read more »
US to skip October matches due to COVID-19 pandemicU.S. Soccer on Tuesday announced its men's national team will not play any international matches during the upcoming window in October due to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
COVID-19 pandemic fails to halt drug flows, record cocaine hauls: EU agencyPARIS: Record seizures of cocaine indicate that the drug is more available than ever in Europe, and there is little sign that the COVID-19 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »