Energy Transfer Partners: job cuts starting next week
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Energy Transfer Partners: job cuts starting next week
Energy Transfer (NYSE:ET) says it will begin cutting ~6% of its workforce next week, the company's chief commercial officer reportedly told employees today. Energy Transfer executives said earlier this month that it would cut operational and capital expenses by as much as $650M this year, with the possibility of up to another $400M reduction in project spending.
Energy Transfer Partners is a company engaged in natural gas and propane pipeline transport which operates 90K miles of oil and gas pipelines, recently employed 12,800 people, suggesting more than 750 staff would be affected.
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