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Weatherford to axe 5000 jobs

OILFIELD services heavyweight Weatherford International plans to cut 5000 jobs by the end of March with its western hemisphere workforce to account for 85% of the lay-offs.

Weatherford to axe 5000 jobs

"The headcount reduction is expected to be complete by the end of the first quarter of 2015, resulting in expected annualised savings of over $US350 million ($A447 million)," Weatherford said in a recent...

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