Tag Page CitgoSale

Citgo’s New Boss Promises No Pink Slips

Big news for anyone watching the Citgo drama: Gold Reserve just put in a $7.38 billion bid to buy Citgo, and they’re promising not to mess with the 3,300+ jobs at the refineries. So, if you’re a Citgo employee, breathe easy—no mass layoffs on the horizon. The twist? Even though bigger offers were on the table, the court liked Gold Reserve’s plan best because it keeps the company whole. Looks like job security just got a win! #Business #Industry #CitgoSale