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HUMAN RESOURCES

Schlumberger job cuts reach 34,000

SCHLUMBERGER will lay off around 10,000 more workers in an aggressive cost-cutting drive to weather an expected prolonged slump in oil prices as it posted a slightly better-than-expected December quarter result.

Haydn Black
Schlumberger job cuts reach 34,000

The company has already shed 26% of its workforce, some 34,000 jobs, since November 2014 and the latest round of retrenchments seems to indicate that the US company sees little prospect of a rally in the...

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