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TENNECO'S SHIPBUILDING UNIT REDUCES SALARIED WORK FORCE

 TENNECO'S SHIPBUILDING UNIT REDUCES SALARIED WORK FORCE
 HOUSTON, Jan. 8 /PRNewswire/ -- Tenneco Inc. (NYSE: TGT) announced today that its Newport News Shipbuilding unit will reduce salaried employment by 1,000 jobs by the end of March this year. The reduction is part of a restructuring at the shipyard to strengthen its competitive position.
 "We must take appropriate action in our company in order for us to be more competitive for new work," said W.R. Phillips Jr., Newport News Shipbuilding president. "The restructuring will include consolidating functions, eliminating levels of management and other steps."
 The restructuring will reduce salaried employment at Newport News Shipbuilding by 9 percent from its current total of 11,200 jobs. The hourly paid work force will be reduced, over time, through normal attrition. Total employment at the shipyard is approximately 27,000.
 Tenneco previously announced that employment across the corporation would be reduced by 6,000 jobs. The reductions are part of a corporate- wide restructuring that includes asset sales, cuts in capital spending, cost reductions, a reduced dividend and the sale of additional equity in the company. The purpose of the restructuring is to strengthen Tenneco's balance sheet and improve financial flexibility.
 Tenneco Inc. is a Houston-based diversified industrial corporation with major business interests in natural gas pipelines, farm and construction equipment, automotive parts, shipbuilding, packaging, chemicals and minerals.
 -0- 1/8/92
 /CONTACT: Christine LeLaurin of Tenneco Inc., 713-757-2761/
 (TGT) CO: Tenneco Inc. ST: Virginia, Texas IN: MAR SU:


SB -- NY114 -- 7920 01/08/92 15:59 EST
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Publication:PR Newswire
Date:Jan 8, 1992
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