ENERGY
Chevron to Cut 140 Jobs in Finance Group: Chevron USA Production Co. said the reductions will be made in 642 jobs at its Concord, Calif., finance office due to reduced workload. The latest job cuts, which will begin in October and continue into early 1994, reflect the divestiture of more than 2,500 of the oil and gas properties the unit owned in 1986, the company said. Chevron Corp. has eliminated more than 6,600 jobs, about 12% of its work force, since the end of 1991, when a cost-reduction program began. Chevron said it has successfully placed more than 1,000 of its “surplus employees” in new positions and will attempt to find jobs for the finance workers through the same redeployment program.
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