July 23 (Reuters) - Chevron ( CVX ) cut 575 positions in
the Houston area after it completed its $55 billion merger with
Hess, a Texas Workforce Commission filing revealed on Wednesday.
According to a Worker Adjustment & Retraining Notification
dated July 18, the U.S. energy major laid off the employees when
its takeover of Hess was officially completed.
The reductions will take effect on September 26, according
to the notice.
The merger was delayed for over a year but even as the green
light for it was awaited, Chevron ( CVX ) had been making preparations
so it could close the deal with Hess quickly, Reuters previously
reported.
Information technology workers from Chevron ( CVX ) and Hess met
regularly to plan the integration, and Hess employees were
informed that they could request a severance package following
the deal's close.
Converting technology and combining employees from both
companies would take a few months, Chevron ( CVX ) CEO Mike Wirth had
told Reuters in an interview last week.
(Reporting by Vallari Srivastava in Bengaluru; Editing by Anil
D'Silva)