Chevron handing out 1st layoff notices in San Joaquin Valley Business Unit reorganization

FILE -- This Wednesday, May 3, 2017, photo shows a sign with gas prices at a Chevron station in Miami. (AP Photo/Alan Diaz)

Chevron said it will issue its first round of layoff notices Thursday as part of its plan to reorganize its San Joaquin Valley Business Unit.

More than 100 employees will get termination notices as the company moves forward with cutting its workforce in the unit by 26 percent.

Layoffs will take place in phases, with more planned next year.

The workers getting layoff notices Thursday will see their positions eliminated in January. Chevron said eligible employees may receive severance pay, educational assistance and career transition services.

Chevron announced its "new organizational model" in October. Plans for workforce reduction have been underway since last January in order to "improve margins and reduce operating costs to enable a long term, sustainable business," according to a company statement last month.

Chevron said the reductions will impact both field and office workers in Kern, Fresno and Monterey counties.

Some employees will be eligible to pursue positions at other locations within Chevron.

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