On Tuesday, US biggest oil refiner Marathon Petroleum Corp. started the widespread job cuts as the coronavirus pandemic crushed motor fuels demand.
As of December 31, Marathon has 60,000 employees and it has laid off workers in several plants.
The large Galveston Bay plant in Texas just unemployed 60 salaried staff, the Los Angeles refinery let go of 60 workers, and 45 salaried employees had been let go at the Garyville refinery in Louisiana.
A source informed that this week, the Galveston Bay plant might shed up to 100 workers before stopping at around 200.
Previously, in August, Marathon shut its refineries in Martinez, California, and Gallup, New Mexico, laying off 800 jobs.
According to IBES data from Refinitiv, the company would likely post USD623 million loss in the third quarter. In the first half of 2020, it lost USD9.2 billion, mainly due to impairment costs.
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Published on September 30, 2020 12:43 PM (GMT+8)Last Updated on October 1, 2020 9:08 AM (GMT+8)
