Printer Friendly

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.
COPYRIGHT 1999 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Caribbean Update
Geographic Code:50CAR
Date:Jun 1, 1999
Words:108
Previous Article:POSTAL SERVICE REFORM.
Next Article:ST. CROIX RESEARCH LAB.
Topics:


Related Articles
DUBAI - Fujairah.
Uf4US$600 MILLION COKER PLANT.
LAYOFFS AT REFINERY.
REVIVAL OF REFINERY?
SUNCOR/SHELL CANADA SIGN PACT TO REDUCE SULPHUR IN DIESEL.
KAZAKHSTAN - The Refineries.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters