Layoffs after EQT, Rice merger
USA
PITTSBURGH, November 17, 2017 – EQT Corporation has laid off dozens of workers after closing its acquisition of Rice Energy, local media reported on Thursday.
The USD 6.7-billion deal, which created one of the largest natural gas companies in the USA, closed on Monday.
Nevertheless, more than 200 employees have so far been fired since the merger, the Pittsburgh Post-Gazette reported, citing anonymous sources.
“Employees with more experience, or experience more relevant to our post-close working structure, have been retained,” Linda Robertson, spokeswoman for EQT, told the newspaper, refusing to confirm the number of those laid off. “Employees whose roles have been identified as redundant […] have been severed.”
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