Image courtesy of Chevron/Facebook.

A recently announced plan from Chevron to cut 950 positions in Houston is set to start this October.

Chevron said last month that it plans to cut the positions in the Houston area along with 50 international jobs.

The California-based company is also planning to reduce the headcount at its San Ramon headquarters by about 500 and cut 600 contractor positions.

According to the Houston Business Journal, the earliest cuts at four Chevron offices in the Houston area will occur on October 12.

The affected offices are located at 1500 Louisiana Street, 1400 Smith Street, 1600 Smith Street and Two Allen Center.

Workers will receive 60 days notice, severance pay and outplacement assistance, the journal added.

“In light of the current market environment, Chevron is taking action focused on increasing efficiency, reducing costs and focusing on work that directly supports business priorities,” Chevron said in a letter to the Texas Workforce Commission.

Chevron employees about 8,000 people in the Houston area.

Further details about the job cuts have not been disclosed yet.

The headcount reductions are part of a cost cutting plan that is projected to save the company about $1 billion.

The job cuts in San Ramon may be partially offset by 800 jobs Chevron will move from its branch in Concord, California when that facility is closed, the San Jose Mercury News said last month.

A Chevron spokesperson told the paper in December that the Concord facility is expected to close in early 2016.

The company reported earnings of $571 million, or $0.30 per diluted share, for the second quarter 2015, a huge drop from $5.7 billion in earnings booked during the same quarter last year.


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