Biz Bits

Chevron plans to cut 2,000 from work force

LOS ANGELES --- Chevron Corp. said Tuesday that it would cut 12 percent of its work force and sell some overseas operations as it retrenches to stem the red ink in its struggling refining, marketing and transportation operations.

The San Ramon, Calif., company said that 2,000 employees would be eliminated out of 17,000 workers in the so-called downstream part of its business.

Executives of the second-largest U.S. oil company said they were still evaluating where the layoffs would be made. Chevron spokesman Lloyd Avram said that the company planned to have the restructuring completed by the third quarter.

In addition, Chevron said it would sell its Pembroke refinery in southwest Wales and other some of its other businesses in Europe, the Caribbean and parts of Central America.

Delta still wants to make global alliances

ATLANTA --- Delta Air Lines Inc., still smarting from its failed bid to lure Japan Airlines into a partnership, is talking to other carriers about expanding its global alliances, a senior executive said Tuesday.

President Ed Bastian told investors at the JP Morgan Aviation, Transportation & Defense Conference in New York that Delta still believes it can increase its international presence without JAL in its fold.