Nearly 100 Sunoco c-store employees to lose their jobs.
As Sunoco prepares to complete the divestment of 1,100 c-stores to 7-Eleven for $3.3 billion, a number of Sunoco employees are expected to lose their jobs.
According to a report in the Philadelphia Business Journal, Sunoco LP filed a notice with the Pennsylvania Department of Labor and Industry, pointing to its plans to let go of 94 employees from its Newtown Square office by mid-to-late October.
Sunoco is expected to close its deal with 7-Eleven’s Japanese parent company Seven & I Holdings by the end of the fourth quarter of fiscal year 2017, following regulatory approval.
Sunoco spokesperson Alyson Gomez told the Philadelphia Business Journal, “With the sale of our company-owned retail stores, Sunoco LP is concentrating our business model around a simplified wholesale business that provides significant scale and cost efficiencies. We remain committed to our employees and our foremost concern is to help our team members find other employment. We will be providing various means of assistance to help with the transition process.”
She added that 7-Eleven is extending employment offers to many team members.