Hunt Oil Company to Slash Workforce by 10%

Hunt Oil Company will cut 10 percent of its workforce amid reduced activity in the oil and gas sector, a company spokeswoman said by email on Thursday.

 

Dallas, Texas-based Hunt Oil is a subsidiary of Hunt Consolidated, Inc, the 92nd largest private company in the US in 2015, according to Forbes.

 

Hunt Consolidated had 4,500 employees at the end of 2014, according to Forbes. The spokeswoman did not immediately confirm how many employees worked for the Hunt Oil subsidiary.


(Reporting by Liz Hampton; additional reporting by Jessica Resnick-Ault; Editing by Meredith Mazzilli)