EQT Corp. lays off workers after Rice Energy acquisition

EQT Corp. began laying off employees it deemed "redundant" just days after it completed its $6.7 billion acquisition of fellow oil and natural gas drilling company Rice Energy Inc., reports the Pittsburgh Post-Gazette. EQT declined to disclose how many workers were impacted, but the Post-Gazette says "those with knowledge of the number" place it at more than 200. EQT had more than 1,900 employees and Rice had over 500 when the transaction closed on November 13, 2017, according to the newspaper. For more, read the full story.

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