Halliburton shedding 808 Oklahoma jobs
EL RENO, Okla. -- Halliburton is eliminating more than 800 jobs in El Reno, Okla., and said it expects to close its office in the Oklahoma City suburb.
David Crow, spokesman for the Oklahoma Office of Workforce Development, said the agency was notified on Monday of the layoffs and apparent closure of the Halliburton office.
Crow provided a letter from Halliburton, dated Monday, that said the "mass layoff" of 808 employees is expected to be permanent and that "at this time it is expected that the facility will not remain open."
A Halliburton Energy Services Inc. spokeswoman said Tuesday that a majority of the employees at the facility have been offered a chance to move to a Halliburton facility in Duncan, Okla.
Tuesday's statement didn't say how many employees were offered the opportunity to relocate. The Houston company said the move is necessary "to align our operations to reduced customer activity."
Crow said the Monday letter was the first the agency had heard of the pending job cuts and office closure.
-- The Associated Press
Tyson tops by $10M its 5-year giving goal
Tyson Foods Inc. has exceeded its donations goal by more than $10 million in the past four years.
In 2015, Tyson pledged to donate $50 million worth of cash and products by 2020 and surpassed that goal early by hitting $60 million this year, the company said Tuesday.
Contributions included hunger-relief grants to nonprofits and 5 million pounds of protein to food banks, community pantries and disaster-relief efforts.
Tyson also has awarded $160,000 to three "Meals that Matter Heroes," a news release said. They are: Jonathan Lawler, an Indiana vegetable farmer who has donated about 2 million pounds of produce since 2016. Tyson gave Lawler $100,000 to expand his farm; a $30,000 award to Maggie Kane, a North Carolina restaurateur who opened the first "pay-what-you-can" cafe in Raleigh in January 2018; and $30,000 to Jasmine Crowe, founder of Goodr to help establish Goodr's charitable giving arm. Goodr addresses food waste by recovering food that nonprofits and those in need can use.
-- Nathan Owens
Index down by 2.71, ends day at 460.82
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Tuesday at 460.82, down 2.71.
"Another down day for stocks on Tuesday, driven in large part to comments from President [Donald] Trump regarding an evaporating trade deal with China, saying a deal might not happen until after the 2020 election," said Chris Harkins, managing director at Raymond James & Associates in Little Rock.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 12/04/2019