Sunoco Idles Marcus Hook Refinery; 490 Layoffs Expected
PHILADELPHIA (CBS/AP) — Some 490 workers at Sunoco’s Marcus Hook refinery will soon be out of work. They’re shutting down the plant now, rather than wait to find a buyer.
Sunoco CEO Lynn Elsenhans said Thursday that deteriorating market conditions are forcing the move at the facility in Marcus Hook.
“Our retail and logistics businesses are performing well, but given the negative realities of the Northeast refining marketplace, we need to accelerate the timeline for idling our Marcus Hook processing units,” said Elsenhans.
Their Southwest Philadelphia plant could face a similar fate come next July.For full story go to: http://philadelphia.cbslocal.com/
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