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Chesapeake has cut about 10 pct of its workforce
October 8, 2013 / 8:50 PM / 4 years ago

Chesapeake has cut about 10 pct of its workforce

HOUSTON, Oct 8 (Reuters) - Chesapeake Energy Corp has eliminated about 1,200 jobs, or 10 percent of its workforce since the start of the year, a company spokesman said on Tuesday.

Chesapeake’s new CEO Doug Lawler has pledged to relentlessly focus on costs to improve profits and had initiated a broad review that aims to shrink the oil and gas company by year’s end.

Lawler replaced former chief executive Aubrey McClendon in June.

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