Oil plunge forces China's Nexen to cut 400 jobs in Canada, elsewhere
Ottawa (AFP) March 17, 2015 - Nexen Energy announced Tuesday it is laying off 400 workers, or 12 percent of its workforce, in North America and Britain in response to the drop in oil prices. In a statement, the wholly-owned Canadian subsidiary of China's state-owned CNOOC Limited said most of the jobs would be eliminated in Canada and the United States, as well as a few dozen in Britain linked to its operations in the No ... more
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