Refiner Phillips 66 cuts 1,100 jobs, aims $500 mln in savings
Source: Reuters
Nov 9 (Reuters) - Phillips 66 (PSX.N) said on Wednesday it reduced employee headcount by over 1,100 as the refiner seeks to meet its 2022 cost savings target of $500 million."These reductions were communicated to employees in late October," Phillips spokesperson Bernardo Fallas told Reuters.Last month, Reuters reported about the company cutting staff at refineries, terminals and offices, citing people familiar…
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