ConocoPhillips expects to lay off at least 500 employees early next year
HOUSTON – At least 500 ConocoPhillips employees could be laid off early next year. John Roper, spokesman for the Houston-based company, said severance notifications could begin as early as Feb. 1, but the exact number of employees is still being evaluated. “We have been transparent with employees that targeted workforce reductions in certain areas of our business may be necessary from time-to-time to align organizational capacity with expected future activity levels,” Roper said. “In light of this and in anticipation of our acquisition of Concho Resources, which is set to close in the first quarter of 2021, ConocoPhillips is taking actions to align our business to remain competitive.”Roper said the affected employees will be given a 60-day notice, severance and outplacement assistance.
Houston company hopes to pump new life into the oil and gas industry after state loses 40K jobs amid pandemic
The heart and soul of Houston’s economy, the oil and gas industry, has been hit especially hard. According to the Texas Independent Producers and Royalty Owners Association, the state had nearly 361,000 oil and gas jobs in 2019. One company’s visionA Houston company is launching a program it hopes will pump new life, and jobs, into the energy industry and the local economy. Workers on edgeFor oil and gas workers and their families, there is still a lot of uncertainty. The Texas Workforce Commission also lists more than 500 oil and gas industry jobs on its website.
UTMB Health expected to lay off 200 as budget falls short by $174M, officials say in letter
Raimer said there is a $174 million budget shortfall, due in large part to the financial crisis caused by the coronavirus pandemic. “We anticipate approximately 200 positions, or 1.5% of our workforce, will ultimately be eliminated as we close the budget gap,” Raimer wrote in the letter. “Concurrently, some departmental reorganizations also will be implemented over the next several weeks.”UTMB Health letter on layoffs (KPRC)The hospital system tried to hold off layoffs by having employees take one day off per week, using vacation time for eight weeks. They also tried to hold off on giving upper-level staff bonuses as a cost-cutting measure. UTMB Health has operations in Galveston, League City, Webster and Angleton and clinics across Southeast Texas.
Halliburton lays off 1,000 workers at Houston headquarters
HOUSTON – Houston-based Halliburton has laid off 1,000 workers at its headquarters. Company officials said in a statement released to KPRC 2 on Wednesday the layoffs were due to “the unforeseeable, dramatic” downturn in energy markets caused by the coronavirus. “The reductions are in addition to layoffs across the Company’s global operations,” the statement read. “These actions are difficult but necessary as we adjust our business to customers’ decreased activity.”This is just the latest round of layoffs the company has made since announcing a 60-day furlough of 3,500 workers in March. More than 200 workers at Halliburton facilities in Oklahoma and 36 workers at a facility in Louisiana were laid off in April.
Where to get health insurance if you just lost your job
For millions of Americans, a job doesn't only mean a paycheck -- it also provides their health insurance. A small piece of good news: There are more options for those who have to buy health insurance on their own these days, thanks to the Affordable Care Act. Here's where to look:Obamacare exchangesThose who've recently lost their job-based coverage can check out the policies available on the Affordable Care Act exchanges by going to www.healthcare.gov. But kids could still be eligible for the Children's Health Insurance Program (CHIP), depending on the state and their family income. Some employers are continuing to cover their laid-off workers’ health benefits, at least for a short period of time.
These are the Houston and Texas businesses that have laid off and furloughed workers due to the coronavirus pandemic
HOUSTON – The coronavirus pandemic has forced businesses big and small across the country to close locations because they are non-essential or simply because they cannot afford to stay open with the dramatic drop in customers. Over 3 million people have filed for unemployment due to being laid off or furloughed. Here are just a few of the businesses that have had to make tough calls. Phillips 66: According to the company’s website, it is making a $700 million spending cut. The company is also reducing operating and administrative costs by $500 million, and multiple projects will be deferred.
Halliburton lays off 800 in Oklahoma, plant closure expected
Halliburton is laying off more than 800 employees in El Reno, Oklahoma, and says it expects to close its office in the Oklahoma City suburb. Oklahoma Office of Workforce Development spokesman David Crow says the agency was notified of the layoffs and apparent closure of the office, effective Monday. A Halliburton Energy Services Inc. spokeswoman tells The Associated Press the company will provide additional information “by midday” Tuesday. We made this decision in response to reduced activity levels in Oklahoma and the greater Mid-Continent area. “While the majority of employees were offered relocation, Halliburton also reduced its workforce in El Reno.