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Chesapeake Energy Corp Has Cut About 10% Of Workforce-Reuters

Tuesday, 8 Oct 2013 04:48pm EDT 

Reuters reported that Chesapeake Energy Corp has eliminated about 1,200 jobs, or 10% of its workforce since the start of the year, a Company spokesman said on October 8, 2013. 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 Company by year's end. 

Company Quote

0.14 +1.56%
11:48am EDT