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KM Financial Solutions | UPDATE 3-Hess cutting hundreds of workers as it battles activist investor
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UPDATE 3-Hess cutting hundreds of workers as it battles activist investor

15 Jan UPDATE 3-Hess cutting hundreds of workers as it battles activist investor

Posted at 20:30h in News by
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HOUSTON, Jan 16 (Reuters) – Hess Corp is cutting
roughly 13 percent of its workforce and streamlining operations
as it battles an activist hedge fund shareholder pushing for the
U.S. oil and gas producer to post its first quarterly profit
since 2014.

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