Share “Chesapeake lays off 640 employees in OKC”

Chesapeake lays off 640 employees in OKC

800 total job cuts nationwide concludes energy company's layoffs.
by Adam Wilmoth Modified: October 8, 2013 at 10:02 pm •  Published: October 8, 2013

Lawler spent most of the day Tuesday speaking with Chesapeake employees. He also contacted Gov. Mary Fallin and Oklahoma City Mayor Mick Cornett.

“I mainly wanted to highlight to them that it has been a difficult day for us, but that our commitment to the state and city is as strong as ever,” Lawler said.  

Chesapeake executives tightened their focus on reducing costs and increasing profits last year after a shareholder revolt forced the company to replace most of its directors.

After Tuesday's cuts, Chesapeake has about 11,000 employees nationwide, including about 6,000 in Oklahoma — 3,500 at its Oklahoma City headquarters.

“We're looking forward to building the company going forward,” Lawler said. “A lot of the uncertainty is over now. We have the right strategy and the right values in place. We're looking forward to a bright future for the company.”

>>Read: Former Chesapeake workers' employment prospects dependent on career

>>Read: Interview with Chesapeake CEO Doug Lawler

>>Read: Chesapeake layoffs will ripple through Oklahoma City economy

>>Read: Housing market should weather job cuts


Previous Stories:

>>Read: Chesapeake exec addresses transition at conference (published Oct. 2, 2013)

>>Read: Chairman says company has too many employees (published Sept. 20, 2013)

>>Read: CEO declares ‘staffing adjustments’ likely (published Sept. 17 2013)

>>Read: Chesapeake reorganizes amid layoff reports (published Sept. 10 2013)