1/21 Chevron Layoffs to affect 27 « Layoffs from the Subprime Crisis

1/21 Chevron Layoffs to affect 27

January 22, 2008

Chevron Corp. will lay off 76 employees in the East Bay following the sale of two proprietary credit card businesses.

The departures will begin next month.

In August, the San Ramon oil company said its subsidiaries Chevron U.S.A. Inc. and Chevron Credit Bank N.A. agreed to sell their respective proprietary credit card businesses to GE Money Bank NA, a unit of General Electric Co. (NYSE: GE) and FleetCor Technologies Operating Co. LLC., which processes fuel card transactions.

Entry Filed under: Financial. Tags: Chevron, layoffs, Mortgage Crisis, San Ramon, Subprime.

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