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Another day, another 10,000 oil jobs axed

The slowdown in the offshore sector continues to hit employees across the globe. Chevron and oil service company Saipem announce new cost reduction measures that will see a combined 10,000 oil jobs axed.

Photo: Øyvind Hagen - Statoil

ROME

Wednesday marks another dark day for employees in the struggling and slowing offshore sector as two oil companies announce cost reductions that could result in upwards of 10,000 layoffs.

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