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Subsea 7 to cut deeper

SUBSEA 7 will cut 2500 staff and reduce costs by about $US550 million ($A753 million) by early ne...

Anthony Barich
Subsea 7 to cut deeper

The Oslo-listed company said in yesterday's quarterly that it would reduce its capacity by 2500 people and 12 vessels by early 2016. That move is expected to deliver annualised savings of roughly $400...

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