March 20, 2009

Governor asks Sunoco to reverse Phila. job cuts, Sunoco says no

Pennsylvania Gov. Ed Rendell on Thursday asked Sunoco Inc. to rescind its decision to permanently lay off 20 percent of its salaried work force.

A spokesman for Sunoco (NYSE: SUN) said the layoffs, which will eliminate 750 white-collar positions, are necessary because of the economy.

“This is a strategic decision to keep the company strong so we can continue to provide good jobs and continue to attract investments that allow us to grow. So we will not be reversing our decision,” Thomas Golembeski said.

Source: Pittsburgh Business Times

March 13, 2009

Sunoco To Cut 20% Of Salaried Workers In Pa.

Filed under: oil,US — DF @ 11:47 am
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According to CNNMoney: “Sunoco Inc. (SUN) announced Friday that it will cut 750 jobs, 20% of the salaried work force, at its Philadelphia headquarters and two area refineries in an attempt to better perform during downturns in oil refining.”

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