Freeport-McMoRan Oil & Gas discloses more Houston job cuts

Freeport-McMoRan Oil & Gas, the Houston-based oil and gas arm of Phoenix-based Freeport-McMoRan Inc. (NYSE: FCX), will cut additional Houston jobs this summer.

Once again, the company cited last year’s divestitures as the catalyst for the cuts.

The company notified the Texas Workforce Commission it plans to cut another 25 jobs in Houston during the two-week period beginning Aug. 31. The majority of the affected employees were expected to be placed on a paid leave of absence beginning July 2,…

Freeport-McMoRan Oil & Gas discloses more Houston job cuts syndicated post

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s