Chesapeake Energy cuts 15% of workforce, one-time charges $55.5 millionStaff writer ▼ | September 29, 2015
Chesapeake Energy said in a SEC filing that it implemented a workforce reduction initiative as part of an overall plan to reduce costs and better align its workforce with the needs of the business and current oil and natural gas commodity prices.
Jobs The company implemented a workforce reduction initiative
In connection with the reduction, the company estimates it will incur an aggregate of approximately $55.5 million of one-time charges in the 2015 third quarter, including related employer payroll taxes, all of which will be paid in cash during 2015. ■