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TEXACO REFINING AND MARKETING INC ANNOUNCES RESTRUCTURING OF OPERATIONS; MOVE DESIGNED TO FURTHER STRENGTHEN DOWNSTREAM COMPETITIVENESS

TEXACO REFINING AND MARKETING INC ANNOUNCES RESTRUCTURING OF OPERATIONS;
 MOVE DESIGNED TO FURTHER STRENGTHEN DOWNSTREAM COMPETITIVENESS
 HOUSTON, Sept. 18 /PRNewswire/ -- Texaco Refining and Marketing Inc. (TRMI) announced today a restructuring of the U.S. refining and marketing subsidiary's executive and support operations in order to strengthen further the competitiveness of its downstream operations.
 This restructuring is limited to TRMI's executive offices in Houston, as well as its regional staffs in Los Angeles and Tulsa, Okla. and will be essentially completed by year end.
 In making the announcement, TRMI President Don H. Schmude said: "This restructuring is consistent with the policy under which Texaco units make periodic reviews of their organizational structure and staff allocations to ensure that we maintain optimum efficiency under the current highly competitive business environment."
 Schmude pointed out that TRMI's executive and senior management offices presently located in Houston, as well as staff support activities for all of TRMI will be consolidated in Los Angeles in existing office space. The regional office staffs, whose activities are presently based in Los Angeles and Tulsa, will discontinue operations with this restructuring.
 TRMI's new headquarters in Los Angeles will be near the majority of Texaco's wholly owned U.S. refining and marketing assets. Schmude pointed out that the new organization will facilitate quicker tactical operating decisions, as well as consolidation of staff functions.
 The four TRMI-owned refineries and the company's three marketing divisions will not be significantly affected by the restructuring, according to Schmude. The TRMI refineries are located in El Dorado, Kan.; Wilmington, Calif.; Bakersfield, Calif. and Anacortes, Wash. The company's marketing divisions are based in Los Angeles, Tulsa and Kirkland, Wash.
 Impact on Houston and Tulsa Offices
 The offices of Texaco Lubricants Company, TRMI Business Services Division and Star Enterprise will continue to be located in Houston. Formed in 1989, Star Enterprise is Texaco's 50-50 downstream joint venture with Saudi Refining, Inc. Star operates three refineries located in: Delaware City, Del.; Convent, La.; and Port Arthur, Texas; as well as related marketing activities in 26 states along the East and Gulf Coasts, including the District of Columbia.
 Texaco will continue to maintain a substantial operating presence in Tulsa with the Tulsa Marketing Division, which directs marketing activities in 14 Mid-Continent and Rocky Mountain states. In addition, the Natural Gas Plants and Liquids Division, as well as a major mainframe computer center and appropriate support functions, will continue to be located in Tulsa.
 Impact on Employees
 Schmude said the restructuring will involve some personnel relocation, as well as some staff reductions. While the exact number of employees who may be affected is not yet known, large scale personnel reductions are not anticipated as a result of this restructuring. TRMI anticipates that most separations will be handled either through attrition or the company's separation pay programs.
 TRMI's president noted that Texaco Inc. underwent a major restructuring in the late 1980's, selling approximately $7 billion of assets and streamlining the company. The company continues a focused program of project selectivity, expense control and regular organizational review. These actions have favorably positioned the company to deal with today's economic conditions and highly competitive environment.
 -0- 9/18/92
 /CONTACTS: Paul Weeditz, 713-752-6475 (in Houston), Dan Stevens, 918-560-6035 (in Tulsa), or Dave Johnson, 818-505-2650 (in Los Angeles), all of Texaco/
 (TX) CO: Texaco Refining and Marketing Inc. ST: Texas IN: OIL SU: RCN


AH -- NY049 -- 1164 09/18/92 13:32 EDT
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Publication:PR Newswire
Date:Sep 18, 1992
Words:569
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