Freeport-McMoRan Cuts Another 25 Jobs

Freeport-McMoRan Cuts Another 25 Jobs
Houston-based Freeport-McMoRan Oil and Gas is conducting another round of layoffs due to asset sales.

Freeport-McMoRan Oil and Gas, the Houston-based branch of Phoenix-based Freeport-McMoRan Inc., is conducting its fifth round of layoffs since April due to the sale of key assets in onshore California and the Gulf of Mexico.

In a letter to the Texas Workforce Commission (TWC) dated July 1, Freeport-McMoRan said it would be laying off an additional 25 employees at its downtown Houston headquarters. According to the letter, layoffs will begin August 31 and end September 13. Affected employees were notified of the impending layoffs June 28.

The majority of affected employees were placed on a paid leave of absence July 2. Affected employees do not have bumping rights and are not represented by a union. Freeport-McMoRan will offer severance benefits and transition programs to affected employees.    

This layoff announcement brings the total number of Freeport-McMoRan Oil and Gas job losses in Houston to 300 since July 2016 with almost half of the layoffs because of the aforementioned asset sales.

Valerie is an experienced writer and editor dedicated to providing useful and relevant career news about the oil and gas industry. Email Valerie at valerie.jones@rigzone.com

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