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Schlumberger to fire 9,000 people as oil services demand slumps

2015-01-17 16:17:18| Oil & Gas - Topix.net

Schlumberger Ltd., the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about seven per cent of its workforce, as it focuses on controlling costs amid plummeting oil prices. The company said it took charges amounting to $1.77 billion in the fourth quarter including impairment charges related to its seismic business, Venezuela currency devaluation and job cuts.

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