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GE expands job cuts at Lufkin oil unit to 575 from 330: Bloomberg
2015-03-26 04:51:52| Energy - Topix.net
General Electric Co increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices, Bloomberg reported. The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas.
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Category:Energy and Environment
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