Global Partners stock collapse cost more than half its jobs.
Global said it was laying off 28 of a reported 47 employees at its terminal on the Columbia River near Clatskanie while taking steps to move ethanol there instead of crude oil. The company also announced layoffs at a North Dakota terminal that loaded Oregon-bound trains with crude.
‘While any workforce reduction is difficult, we believe these actions are necessary to work through this challenging crude market,’ said Eric Slifka, Global’s CEO. ‘The implementation of all these initiatives helps provide us with flexibility to invest in our business in the future.’
(READ MORE: Oregon Live)