More than 500 employees of Marathon Oil are being layed off as part of the firm’s acquisition by ConocoPhillips.
The layoffs will be in Houston, according to Marathon Oil in a notification of the layoffs with the Texas Workforce Commission. The Worker Adjustment and Retraining NOtification Notice (WARN) did not give a speific date but it explained the layoffs will happen over a 12-month period.
Marathon also issued a statement announcing the layoffs.
“500 employees at the company’s facility … may reasonably expect to experience a permanent loss of employment,” Marathon Oil stated. “While these employees will be notified of specific employment end dates within a month of close, many will be retrained for transition roles. Transition role scope and duration are currently being finalized and more than 50% of these transition roles are expected to extend beyond six months.”
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