FRIDAY, March 29, 2024
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Chevron Thailand to cut 800 staff, costs by $500m

Chevron Thailand to cut 800 staff, costs by $500m

The Thai unit of US oil firm Chevron plans to cut 800 staff this year as it looks to cut costs by half a billion dollars to weather the sharp fall in global energy prices and weaker demand.

“The cuts will help the company to continue operations in Thailand,” president Pairoj Kaweeyanun told reporters after meeting with Energy Ministry officials Monday.
 
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