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| Chevron raises refinery jobs fear | Chevron raises refinery jobs fear |
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| Fears over job losses at the Chevron refinery in Pembrokeshire have been raised after the oil giant said it was to "exit from certain markets". | Fears over job losses at the Chevron refinery in Pembrokeshire have been raised after the oil giant said it was to "exit from certain markets". |
| The firm, the fifth-largest refiner in the United States, has told staff it is planning a restructuring that would involve sweeping cuts globally. | The firm, the fifth-largest refiner in the United States, has told staff it is planning a restructuring that would involve sweeping cuts globally. |
| It said it had not decided whether to close any of its refineries. | It said it had not decided whether to close any of its refineries. |
| The Pembroke site has 1,400 permanent and contract staff and processes 220,000 barrels of crude oil a day. | The Pembroke site has 1,400 permanent and contract staff and processes 220,000 barrels of crude oil a day. |
| Chevron said further details on its plans were expected to be released in March. | Chevron said further details on its plans were expected to be released in March. |
| A spokesman for the company said it is planning to restructure some of its refinery operations, cut some jobs and exit some markets. | |
| In America, some refiners have shut down operations as the rising cost for crude oil cut profits faster than the income from the products they refine such as heating oil, diesel fuel and jet fuel. | |
| Chevron employees have been told about the plans to restructure the firm. | |
| "It's going to be a leaner organisation with fewer positions, but we have not yet determined the number of positions we need," Chevron spokesman Lloyd Avram said. | |
| He said it has not yet been decided which markets the company will leave although there are plans to exit some. | |
| He said Chevron has also not decided whether to close any of its refineries. | |
| The Chevron refinery in Pembroke, which first opened in 1964, employs 1,200, processes 220,000 barrels of crude oil a day. | |
| The refinery is the fourth largest in the UK, with just under 12% of the UK's overall refining capacity. |