Herculean effort to cut losses

HOUSTON headquartered rig contractor Hercules Offshore has accelerated its cost cutting measures in response to falling oil prices, cutting salaries and slashing its workforce by almost a third, despite posting a much smaller than expected quarterly loss.

Herculean effort to cut losses Herculean effort to cut losses Herculean effort to cut losses Herculean effort to cut losses Herculean effort to cut losses
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