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Redundancies

World news about “Redundancies” published by euronews.

16/01 13:53 CET

Sclumberger axes 9,000 jobs as low oil prices threaten employment

Sclumberger axes 9,000 jobs as low oil prices threaten employment

Oilfield services giant Schlumberger is to shed 9,000 jobs, about 8 percent of its workforce. The cuts come as a result of lower oil prices and less exploration and production spending for the coming year. Since oil prices began to fall last summer the company's share price…