REPSOL WILL CUT 1,500 JOBS
Spain's Repsol said Thursday it will axe 1,500 positions over the next three years as part of a cost-cutting effort. The cuts represent about six percent of the company's workforce and staff have already been notified of the plan. The company declined to comment on how the cuts will be distributed throughout its operations.Repsol will share a new strategic plan with investors later this month.
The company agreed to sell part of its piped gas business to Gas Natural Distribución and Redexis Gas for about…
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