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OIL & GAS

Vintage Energy cuts staff and salaries in major restructure

Operational struggles and partner tensions force costs reduction

Rueben Hale
Odin gas plant.

Odin gas plant. | Credits: Vintage Energy.

Vintage Energy will slash its workforce and reduce salaries by 41% as part of a cost-cutting overhaul, saving the company $1.14 million annually. "[Whilst the company understands] it must deliver on...

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