Chevron's Houston shuffle

CHEVRON is bucking the job-cutting trend in Houston with plans to relocate 100 jobs there later this year.
Chevron's Houston shuffle Chevron's Houston shuffle Chevron's Houston shuffle Chevron's Houston shuffle Chevron's Houston shuffle

The oil major plans to relocate 400 corporate positions to Houston by 2018 as part of a 2013 review.

Yet due to "business needs and office availability", Chevron told Rigzone it had expedited 100 job relocations to Houston which will occur late this year.

"These moves are not associated with job reductions," the oil major said.

"They are designed to ensure that employee resources are appropriately positioned to support business needs. While Chevron is committed to creating jobs and economic growth in Houston, our corporate headquarters is and will remain located in California."

Federal Reserve Bank of Dallas head of research Mine Yucel claimed that more than 37% of the thousands of US jobs cut in January impacted Texas.

According to Bloomberg, he said 140,000 Texas jobs directly and indirectly tied to energy would be lost this year if oil stayed near $50 a barrel.

loader

Most read MARKETS