Despite cuts, Chevron Hawaii jobs appear safe for now - Hawaii News Now - KGMB and KHNL

Despite cuts, Chevron Hawaii jobs appear safe for now

By Howard Dicus - bio | email

HONOLULU (HawaiiNewsNow) - Chevron has revealed more about their downsizing plans and we've had a couple of interesting developments Tuesday. Basically the 300 jobs at Chevron Hawaii appear to be safe, for now, but that's not the end of the story long-term. 

Chevron got a new CEO at the beginning of the year and one of the first things he said was that although he intended to keep the global oil exploration and drilling operations, he would review region-by-region whether he would sell off the so-called "downstream operations". That means refineries and retail, like gas stations. 

And Tuesday they announced they would trim thousands of jobs of the 13,000 payroll of the company, by selling off some of the operations in the Caribbean and Europe.  But at the same time they said they would like to keep their North American and Asian Pacific operations and said they were still reviewing their Hawaii operations.

However, local spokesmen for Chevron said that they've decided to keep the local refinery and not convert it to a storage operation, which might have resulted in some job losses. So for now it appears that the jobs are safe. 

The reason this isn't necessarily the end of the story, sources in the local oil industry say that right now there is a lot of excess capacity in mainland refineries, which means this whole idea of just making this a storage facility might be revisited at a later date.

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