Subsea 7 Announces Cost Reduction Measures - 3000 Jobs To Go Worldwide

The Caithness Business Index has posted the following article:

Subsea 7 Announces Cost Reduction Measures - 3000 Jobs To Go Worldwide

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Subsea 7 issued further details of the cost reduction programme, following initial guidance provided on 30 April 2020. It is envisaged that the overall reduction in headcount would be approximately 3,000 from the global workforce of 12,000, by the end of the second quarter 2021. [Read Full Article]