BRIEF-California Resources Corp Announces Functional Realignment And Streamlining Of Leadership Team

Jan 21 (Reuters) - California Resources Corp (CRC):

* CALIFORNIA RESOURCES CORPORATION ANNOUNCES FUNCTIONAL REALIGNMENT AND STREAMLINING OF LEADERSHIP TEAM

* CALIFORNIA RESOURCES CORP (CRC) - IS REDUCING SIZE OF ITS LEADERSHIP TEAM AND REALIGNING SEVERAL FUNCTIONS AS IT FOCUSES ON EFFICIENCY AND COST REDUCTIONS

* CALIFORNIA RESOURCES CORP (CRC) - ELIMINATING LEADERSHIP POSITIONS IN AREAS OF PUBLIC AFFAIRS, EXPLORATION AND DEVELOPMENT, INVESTOR RELATIONS AND FINANCE

* CALIFORNIA RESOURCES (CRC) - ORGANIZATIONAL CHANGES, WHEN FULLY IMPLEMENTED, EXPECTED TO REDUCE CO'S RUN RATE COSTS BY APPROXIMATELY $8 MILLION PER YEAR

* CALIFORNIA RESOURCES CORP (CRC) - ORGANIZATIONAL CHANGES, WHEN FULLY IMPLEMENTED, ARE EXPECTED TO RESULT IN ONE-TIME CHARGES OF APPROXIMATELY $5 MILLION Source text for Eikon: Further company coverage: