Devon Cuts Some Jobs Amid Merging Of Offshore, International Divisions
May 28 2009 - 10:40AM
Dow Jones News
Independent oil and gas producer Devon Energy Corp. (DVN) said
Thursday it's eliminating some positions as result of the merging
of its Gulf of Mexico and international divisions.
Devon spokesman Chip Minty told Dow Jones Newswires that no more
than 75 positions will be affected by the restructuring and added
that the company is cutting some jobs to eliminate duplication of
work.
According to a person close to the company, at least half a
dozen managers were laid off Wednesday and more cuts are likely to
come.
Minty said the company plans to issue a press release on the
restructuring.
The Oklahoma City-based company has about 5,500 employees.
-By Isabel Ordonez and Jason Womack, Dow Jones Newswires;
713-547-9207; isabel.ordonez@dowjones.com