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Chevron lays off 56 local employees

Chevron USA Inc. announced Wednesday that adverse market conditions have prompted it to lay off 56 workers in the San Joaquin Valley, or 3 percent of its Bakersfield-based business unit. The move adds to the 1,200 or more oil-related jobs lost in Kern County since late last year as oil prices have fallen to below $45 per barrel from more ...

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Concerns grow about coal industry pensions, reclamation

As the Appalachian coal industry continues a long-predicted decline, serious concerns are mounting among labor unions, citizens groups and regulators that financially troubled producers could try to abandon their obligations to fund miners’ pensions and health care benefits and try to escape from their commitments to reclaim mine sites and clean up polluted streams. Last week, the United Mine Workers ...

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Job growth in southeast Oklahoma

Diversify the economy. This is one way southeast Oklahoma, as a region heavily dependent on agriculture and energy for jobs, can address its long-held tradition of higher unemployment rates when compared to the rest of the state, said economist Chad Wilkerson of the Federal Reserve Bank of Kansas City’s Oklahoma City branch. “How to bring it down?” Wilkerson said of ...

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Nearly 25,000 AT&T workers without contract, talks continue

Negotiations continue between AT&T and the union representing nearly 25,000 of the telecommunication giant’s employees after their contract expired at midnight Saturday. Communications Workers of America District 3 vice president Richard Honeycutt said the AT&T employees he represents want more time with their families. “Right now, AT&T forces employees to work an unlimited amount of overtime hours,” Honeycutt said. “That’s ...

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Need an oil field job? ‘Interviews’ result in arrests for 15 fugitives

Greeley police and Weld County sheriff’s deputies on Wednesday arrested 15 fugitives with 18 misdemeanor and five felony warrants being served from municipalities in Weld and Larimer counties. A joint operation of the Greeley Police Department Patrol, Greeley Police Special Enforcement Team and the Weld County Sheriff’s Office Fugitive Unit led to the arrests. The operation involved contacting wanted individuals ...

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Report: 20K jobs may be lost due to energy price volatility

OKLAHOMA CITY — A new Oklahoma State University economic forecast says the state could lose more than 20,000 jobs due to energy price volatility through 2016. The Journal Record reports that the state’s mining sector, which is dominated by oil and gas operations, already has lost 8,400 jobs since employment peaked at 63,000 in November. A new report by the ...

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Kennametal expects to consolidate plants as it shrinks manufacturing

Kennametal Inc. has cut more than 800 people from its global workforce under a restructuring program meant to reduce costs as sales to energy companies plummet. CEO Don Nolan said Thursday that the Unity-based tooling company eliminated 6 percent of its 13,500 employees. The company also has closed six plants, sold one and is consolidating two others as it shrinks ...

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Historic slide in coal jobs continues in Eastern Kentucky; jobs down 10.6 percent in 2nd quarter

The historic slide in coal jobs that has undermined the economy of Eastern Kentucky continued in the second quarter of the year, with the industry cutting 10.6 percent of its workforce in the region. The layoffs left an estimated 5,889 employed at coal mines and facilities in Eastern Kentucky, according to a report released Friday by the state Energy and ...

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Oil companies slash spending, jobs as prices slide for second time

HOUSTON (Reuters) – The stark reality of a much-feared second dip in crude prices is prompting global oil majors and nimble U.S. shale companies alike to ax spending once again a year after the first price crash started. Just days into the second-quarter earnings season, Chevron Corp <CVX.N> and Royal Dutch Shell Plc <RDSa.L> said they would slash a combined ...

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