Menu
/REGISTER
PPB
Fielding
Montecito
Powershare
Loading...
You are here:  Home  >  Current Article

Greka lays off 31 workers

By   /   Wednesday, November 26th, 2008  /   Comments Off on Greka lays off 31 workers

    Print       Email

Santa Maria-based Greka Energy, which has spilled hundreds of thousands of gallons of oil and processed water over the past year, has laid off more than 20 percent of its local workforce.

The company said Nov. 25 that it laid off 31 employees, or about 22 percent of its Santa Maria workers.

In a prepared statement, Greka President Andrew DeVegvar said the cuts came about after the company suffered “substantial revenue losses for almost seven months.” County regulators had shut down 95 percent of Greka’s production while the company was “spending millions every month to satisfy regulatory demands,” DeVegvar said in the release.

Are you a subscriber? If not, sign up today and get four free issues of the Pacific Coast Business Times!

    Print       Email