WARN Notice Reveals Encino Energy to Lay Off 121 Workers
Encino Energy | Energy Companies | EOG Resources | Industrywide Issues | Jobs | M&A | Ohio | Statewide OH
This is an unfortunate part of mergers and acquisitions. The Houston Chronicle is reporting that a WARN notice (Worker Adjustment and Retraining Notification) filed by Encino Energy indicates that 121 Encino workers will be laid off on or around August 17. No reason is given, however, EOG Resources is in the process of buying out and merging in Encino's Ohio Utica assets (see HUGE Utica News: EOG Resources Buys Encino Energy for $5.6 Billion). The merger deal is supposed to be done by the end of this year. Yet Encino is laying people off now (60 days from June 18).To view this content, log into your member account. (Not a member? Join Today!)