Occidental cutting jobs in wake of Anadarko acquisition
Houston-based Occidental Petroleum Corp. (NYSE: OXY) started notifying employees this week that it will cut jobs.
The company has been offering voluntary employee buyouts after acquiring The Woodlands-based Anadarko Petroleum Corp. in a $55 billion deal that closed in August. But the job cuts announced this week are in addition to those voluntary departures.
“Following the Anadarko acquisition, Occidental’s integration team identified the jobs we need to successfully and safely operate our business…
