OIL REFINERY CALLS FOR 200 LAYOFFS.
The Hovensa oil refinery in the U.S. Virgin Islands will postpone several capital and maintenance projects and ask contractors to reduce
their work force by 200 employees, reports AP (May 3, 1999). The firm
-- a joint venture between Amerada Hess of New York and Petroleos de
Venezuela -- announced the cuts. Alex Moorhead, vice president of
human resources, said most of the employees will probably be rehired
next year, after the company secures a loan to build US$500 million
coker plant to process heavy Venezuelan crude oil. Hovensa's
refinery on the island of St. Croix employs 900 of its own workers and
about 1,300 contract workers.