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Chevron selling S.F. office towers HQ stays in City, but 1,000 workers moving to East Bay
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Chevron selling S.F. office towers HQ stays in City, but 1,000 workers moving to East Bay
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Newspaper Article
Chevron selling S.F. office towers HQ stays in City, but 1,000 workers moving to East Bay
1999
Overview
In the latest blow to San Francisco's corporate image, Chevron Corp., the nation's fourth-largest oil company, says it plans to sell its Market Street headquarters and move as many as 1,000 employees to the East Bay. The cost-cutting move, which is expected to be completed by the end of next year, will leave about 500 Chevron workers, including top executives, in San Francisco. The company will continue to be headquartered in The City. \"We must continue to reduce non-essential costs and capital to fund our attractive growth prospects,\" [Dave] O'Reilly said in a statement. \"Consolidating many of our San Francisco employees into our offices in the East Bay makes good economic sense.\"
Publisher
Clinton Reilly Communications, Inc
Subject
