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    CITGO Restructures Workforce

    Less than 2 percent of employees are impacted.

    HOUSTON -- Due to the "unprecedented economic crisis" in the U.S., CITGO Petroleum Corp. began a restructuring process, which it said will have a minimal impact on the company’s payroll.

    The restructuring efforts -- which were implemented in order to optimize organizational performance -- will impact less than 2 percent of the 3,762 employees currently working at CITGO, the company stated.

    Those affected employees were offered special separation packages, according to the company.

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