Sunoco to Reduce 20% of Their Workforce

Mar 23, 2009

In order to reduce costs by more then $300 million this year, the New York Times is reporting that Sunoco will cut 750 jobs, roughly 20% of their 13,500-person work force.

Cuts are being blamed on the recession and lowered consumer demand for gasoline and diesel fuel. Sunoco plans to offer severance packages to all laid off workers, as well as offering some hourly employees buyouts.

Read the entire article here.