Duke Energy on Friday named a new executive team for its electric business and outlined what it said was a more centralized organizational structure. Duke filed with the Securities and Exchange Commission earlier this month to spin off its natural gas unit (see Daily GPI, Sept. 8).
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BP Amoco Sets Reorganization, Job Cuts
Continuing to work through the monstrous merger completed amonth ago, BP Amoco centralized its power last week by choosing theWestlake complex in Houston as its exploration and productionheadquarters, then revealing a 1,400 person job cut at the complex.Company officials said the jobs were lost due to duplication andcommodity price reasons. Overall, BP Amoco plans to lay off 1,600workers in Texas by the end of the first quarter.
February 1, 1999
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