HOUSTON, Nov 20 (Reuters) - Koch Industries is cutting or facing departures of employees across its trading division, several sources familiar with the matter said on Wednesday.

The cuts are taking place in the company's Minerals and Trading unit (KM&T) and include staff in the United States, as well as other locations around the globe, the sources said, declining to be named because they were not authorized to speak on the record.

Koch did not immediately respond to requests for comment.

Among the departures are Brady Cook, who had handled oil for the company, one of the sources said, citing an email announcing the trader's retirement.

"We will soon share more information about the KM&T organization moving forward," the email said, according to the source.

In the U.S., other cuts included traders Clinton Geraci and Greg Smith, several sources said. Geraci had traded distillates at Vitol and Trafigura previously, and before joining Koch, he worked as a broker for TCT Oil Brokers, according to his LinkedIn profile.

Smith handled distillates, according to his LinkedIn profile.

Geraci did not respond to a request for comment, and Smith and Cook could not be reached for comment.

Sign up here.

https://www.reuters.com/markets/commodities/koch-sheds-jobs-across-its-oil-trading-business-sources-say-2024-11-20/