EQT Corp. will reduce its workforce as part of the integration of its acquisition of Equitrans Midstream Corp. (Source: Shutterstock)
Appalachian natural gas juggernaut EQT Corp. will reduce its workforce (RIF) as part of the integration of its acquisition of Equitrans Midstream Corp., the company said in a Sept. 25 filing with the U.S. Securities and Exchange Commission.
The plan includes “the termination of former executive officers and certain other senior employees of Equitrans” and will be completed in 2025, according to the document.
EQT management said in its Sept. 22 release upon the mergers’ closing that it would focus on reducing Equitrans’ debt of some $8 billion as part of the integration effort.
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