IRVING, Texas — Following its acquisition of the Speedway retail network from Marathon Petroleum Corp., 7-Eleven Inc. this week laid off an undisclosed number of corporate, field and support staff, CSP has learned.
“We are just over a year into our integration process following the Speedway combination and have made significant progress,” a 7-Eleven spokesperson said in a statement provided to CSP. “As with any merger, our integration approach includes assessing our combined organization structure. The review was slowed by COVID-19 but is now complete, and we are finalizing the go-forward organization structure. As a result, we made the difficult decision to eliminate certain roles in our Irving, Texas, and Enon, Ohio, support centers and in some field support roles.”
The company added, “These decisions have not been made lightly, and we are taking numerous steps to support impacted employees, including career transition services.”
Irving, Texas-based 7-Eleven completed the $21 billion acquisition of the Speedway convenience-store chain from Marathon Petroleum in May 2021. The portfolio included approximately 3,800 stores located in 36 states. The deal was the biggest in the history of the convenience-store sector.
- 7-Eleven is No. 1 on CSP’s 2022 Top 202 ranking of U.S. c-store chains by number of company-owned retail outlets.
7-Eleven operates, franchises or licenses more than 77,700 stores in 19 countries and regions, including about 13,000 in the United States, including approximately 9,500 under the 7-Eleven banner, around 3,800 under the Speedway banner and about 500 under the Stripes flag, as well as the Laredo Taco Company and Raise the Roost Chicken and Biscuits brands.