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Phillips 66 joint venture cutting 300 jobs

stander
stander
in Oil, Gas and Energy News

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Phillips 66’s DCP Midstream joint venture is cutting 20 jobs in Houston this week and 80 more throughout the rest of Texas as the company reshapes itself during the oil and gas downturn.


Denver-based DCP Midstream is eliminating 300 positions nationwide, including the 100 cuts in Texas. The pipeline and gas processing joint venture between Phillips 66 and Spectra Energy has served as a financial burden for both Houston-based companies the last couple of years. DCP began an overall downsizing about 18 months ago.


http://fuelfix.com/blog/2016/04/05/phillips-66-joint-venture-cutting-300-jobs/?utm_source=WhatCountsEmail&utm_medium=newsmail_free_fuelfix&utm_campaign=FuelFixNewsLetter


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