COUNTYWIDE : 44 Accept Chevron Retirement Offer
About 10% of Chevron U.S.A.’s Ventura County-based work force has elected to accept early retirement benefits offered earlier this year as part of a corporate downsizing, officials said Monday.
The 44 employees who took the early retirement offer will leave the company between now and Oct. 31, Chevron spokesman Mike Marcy said, adding that there are no plans to replace the employees.
“Streamlining is the word of the day to become more competitive in an industry such as ours with its limited projected growth,” Marcy said. “And we just felt this was the best way to address the corporation’s requirements and the interests of our employees.”
The early retirement package--offered in March to all Chevron U.S.A. employees with at least two years of service--includes a lump-sum payment based on length of service and an employee’s highest salary over any three-year period, Marcy said.
Chevron U.S.A.’s Ventura office--which oversees 438 employees--serves as the operational headquarters for corporate activity in Los Angeles, Ventura and Santa Barbara counties, Marcy said.
The 44 employees are among the estimated 4,400 Chevron U.S.A. employees nationwide who have opted to take early retirement, Marcy said.
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