Dcp midstream announces cost, workforce, and capital reductions

Dcp midstream announces cost, workforce, and capital reductions.dcp midstream lp - announced a 15% workforce reduction across its nine-state footprint.dcp midstream lp - senior executive team also unanimously elected to reduce their base salary and variable compensation by between 15% and 10%.dcp midstream lp - dcp has identified $10 million of incremental sustaining capital reductions.dcp - since early feb, dcp has created a total of over $900 million in expected retained cash flow to reduce leverage and strengthen its balance sheet.dcp-reduction in force, voluntary reductions in senior executive compensation,internal cost savings to result $40 million incremental retained cash flow.
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