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SWN Southwestern Energy

7.0513
-0.1687 (-2.34%)
04 May 2024 - Closed
Delayed by 15 minutes
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

Southwestern Energy Plans Workforce Reduction

27/06/2018 2:20pm

Dow Jones News


Southwestern Energy (NYSE:SWN)
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   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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