Zachry updates layoff notices as it prepares for 'most likely outcome' at Golden Pass

Amanda Drane | Source: Houston Chronicle | Posted 07/08/2024

Zachry’s formal exit from the Golden Pass LNG project it was building for Exxon Mobil and Qatar Energy is likely imminent, the San Antonio-based construction firm said in its latest filing to the Texas Workforce Commission. Zachry filed updated layoff notices this week affecting around 120 jobs, with some layoffs beginning June 30 and others effective in late August. They join more than 4,400 layoff notices already issued to its East Texas workforce.

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Zachry is expected to formally exit the Golden Pass LNG project it was constructing for Exxon Mobil and Qatar Energy, as indicated in recent filings with the Texas Workforce Commission. The company has filed updated layoff notices affecting around 120 jobs, with some layoffs starting in June and others effective in late August, adding to the over 4,400 notices already issued. Following a court hearing that marked a turning point in a legal dispute after Zachry filed for bankruptcy protection, the company stated that exiting the project is the most likely outcome of ongoing discussions.

In a letter to the Texas Workforce Commission, Zachry highlighted that the negotiations with Golden Pass LNG have made it clear they intend to replace Zachry and end its role in the project. This impending departure is underscored by the fact that Golden Pass has expressed its desire to remove Zachry from the project, signaling an uncertain future for the endeavor as Zachry may not have the opportunity to complete the work it began.

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Source Link: https://www.houstonchronicle.com/business/energy/article/golden-pass-layoffs-exxon-zachry-lng-exit-19556336.php

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Zachry updates layoff notices as it prepares for 'most likely outcome' at Golden Pass

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