Thursday, 19 March 2015

Oil plunge forces China's Nexen to cut 400 jobs in Canada, elsewhere

OIL AND GAS
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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