Ed O’Donnell, the Chief Executive Officer of Venoco Incorporated, an energy firm from Denver, reveals that the company is attempting to explore the asset sales that could result in the layoff of its employees. The Venoco operates oil and gas in California and employs around 360 workers at various branches including its headquarters in Denver. Although the CEO O’Donnell hesitated to give out details on the assets that may be sold or the number of layoffs, he said that the company has notified the employees of possible job cuts.
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Denver-based Venoco explores asset sales, says layoffs could result