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7:43 PM / Thursday December 1, 2022

22 Aug 2017

Sunoco to lay off nearly 100 in Philly region

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August 22, 2017 Category: Local Posted by:

Sunoco’s $3.3 billion sale of 1,100 convenience stores to 7-Eleven will impact nearly 100 employees in the region.

According to a notice filed with the Pennsylvania Department of Labor and Industry, Sunoco LP will lay off 94 employees located at its Newtown Square office by mid-to-late October.

The layoffs come not long before 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 said in an email.

“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,” her statement read.

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