EQT workers laid off after Rice acquisition
Tuesday, December 5, 2017
EQT Corp. began laying off employees it deemed “redundant” days after its $6.7 billion acquisition of Rice Energy Inc., according to the Pittsburgh Post-Gazette.
According to a spokeswoman for EQT, more experienced employees and employees with experience more relevant to the company’s post-close working structure have been retained. Although EQT declined to disclose the total number of workers impacted, sources close to the matter have said more than 200 have been affected.
When the transaction closed on Nov. 13, EQT had more than 1,900 employees and Rice had more than 500.
Learn more: Pittsburgh Post-Gazette > After acquiring Rice Energy, EQT begins post-deal layoffs
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