Bankrupt SemGroup LP CEO Terry Ronan told employees in a memo Thursday that it’s “winding down” its subsidiary SemMaterials and will lay off most of the unit’s personnel.
The wind-down will shut down SemMaterials operations at SemGroup’s south campus located at 6125 S. Yale Ave. in Tulsa and will result in the layoff, over time, of most, if not all SemMaterials employees, with the exception of those employees transferred to SemGroup LP or other SemGroup business units.
The memo did not mention severance packages for those laid off but noted that they will be offered outplacement services to help find new employment.
Source: Tulsa World.
