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Encana to cut workforce by further 20% on top of previous downsizing

2016-02-24 13:56:38| Oil & Gas - Topix.net

Encana Corp. says it's planning a further 20 per cent reduction in its workforce as it works to achieve up to $250 million in additional cost savings this year. The Calgary-based oil and gas producer announced the cuts with its fourth-quarter financial report, which included a $612 million net loss - mostly the result of asset writedowns and foreign-exchange fluctuation.

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