Diversity ratio for Chevron to improve as layoffs progress
Oil major Chevron Corp is expecting to reduce the dominance of white males in company management during its cost-cutting this year, upping the share of senior-level jobs held by women and ethnic minorities to 44% from 38% last year, the company just declared through a statement.
Long owned and run predominantly by white males, the oil industry has drawn criticism along with other parts of corporate America for failing to do enough to promote gender and ethnic diversity.
As many other companies in the industrial field are struggling with the recent collapse of oil prices due to the coronavirus lockdowns, Chevron is cutting spending, consolidating business units, and has asked some managers to reapply for their jobs.
Figures from the end of last year show that less than a quarter of Chevron’s U.S. executives and senior managers were female, and only 22% were from ethnic minorities.
In an email sent to employees this week, Chief Human Resources Officer Rhonda Morris said the company selected 26% women for global roles in the second round of appointments and, in the United States, 29% of candidates selected were from ethnically diverse candidates.
Also, Chevron executives were among those at big corporations to speak in support of the “black lives matter” movements, which has become a global inspiration against racial injustice following the brutal murder of George Floyd by police officers in Minneapolis in May.
A spokeswoman for the company confirmed the previously mentioned details and said those selections were permanent and that the diversity ratio was expected to remain at around 44% at the end of all appointment rounds.
Women and people from non-white ethnic backgrounds represented 46% of the oil industry’s workforce in 2019 and are expected to fill 54% of total job opportunities through 2040, an IHS Markit analysis for the American Petroleum Institute shows.
However, they remain a minority in senior management.
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