Oil service company to lay off 700 employees
TechnipFMC will lay off 700 employees in Norwya due to the lower oil price. The decision is attributed to fewer projects following the oil plunge. Corrected.
"Corrected. A previous version of the article said that TechnipFMC would lay off 3,100 employees. The actual number is 700. ShippingWatch apologizes for the error.)
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