Reported 5 days ago
EQT Corporation has announced a 15% reduction in its workforce as part of the integration of Equitrans Midstream. CEO Toby Rice explained that the current challenges in building energy infrastructure necessitate these layoffs, particularly as there is a lack of large-scale pipeline projects underway. While the affected employees possess valuable skills, Rice expressed optimism that they will find work again, emphasizing the need for regulatory changes to facilitate infrastructure development in the energy sector.
Source: YAHOO