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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Southwestern Energy | NYSE:SWN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.1687 | -2.34% | 7.0513 | 7.23 | 7.023 | 7.09 | 22,647,806 | 00:13:00 |
By Colin Kellaher
Southwestern Energy Co. (SWN) on Wednesday said it is reducing its workforce, resulting in a second-quarter pretax charge of $18 million to $19 million.
In a filing with the Securities and Exchange Commission, the Spring, Texas, energy company said it expects the plan to be substantially implemented during the third quarter.
Southwestern's filing didn't disclose the number of jobs being cut, and a spokeswoman wasn't immediately available for comment.
The company said it is offering affected employees a severance package that includes a cash payment depending on length of service and, if applicable, current value of a portion of equity awards that will be forfeited.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 27, 2018 09:05 ET (13:05 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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