Bakersfield-based Aera Energy is considering Kern County layoffs amid turmoil in the petroleum industry.
The company issued the statement to 23ABC News:
The current environment has prompted Aera to thoughtfully re-evaluate our business practices in order to emerge from this period a more competitive company for the long-term. We understand that the results of this analysis will impact some of our employees. Decisions will not be made lightly and we are committed to treating our people with care and respect. At this point, potential actions or timing have not been finalized. As always, we will remain committed to our personal safety and the safety of those around us and fulfill our environmental commitments.
The news of Aera's potential cuts come as other oil companies have cut jobs in Kern County, including Chevron, Halliburton, Hathaway LLC, and the California Resources Corporation.
As of Wednesday, oil was trading at $45 per barrel, half the value at this time two years ago.