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General Electric plans to cut 330 Texas jobs in oil unit

2015-02-03 08:50:35| Oil & Gas - Topix.net

General Electric Co plans to cut 330 jobs in Texas in its oil and gas division, as it grapples with pressure on the unit from the drop in oil prices. The U.S. conglomerate notified Texas state regulators of the planned layoffs at its beam-pumping manufacturing facility in Lufkin, Texas, which amount to about 45 percent of the staff at the location.

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