© Reuters. FILE PHOTO: The Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking/File Photo
(Reuters) – Refiner Phillips 66 (NYSE:) said on Wednesday, it plans to reduce its employee headcount by 1,100 to help cut costs and meet its savings target of $500 million by end-2022.
Phillips, which had 14,00 employees in 2021 according to a company presentation, expects to cut staff to 12,900 by the end of this year.
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