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Posted: 7:05 PM Nov 11, 2009
El Paso Corp. Cuts 45 Workers In Colorado Springs
The Gazette reports that El Paso Corp. is laying off 45 of the nearly 500 employees at its western regional office in Colorado Springs as part of cost-cutting measures. Reporter: Associated Press |
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The Gazette reports that El Paso Corp. is laying off 45 of the nearly 500 employees at its western regional office in Colorado Springs as part of cost-cutting measures.
The layoffs Tuesday were part of an initiative designed to save $150 million in 2009 and 2010.
Company spokesman Richard Wheatley says the Houston-based natural gas pipeline firm is laying off 300 of its more than 5,000 employees in the reorganization.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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