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Weatherford To Cut Jobs Amid Oil Price Plunge

By Keith Goldberg (February 5, 2015, 1:52 PM EST) -- Oilfield services giant Weatherford International PLC said Thursday that it will slash its 56,000-employee workforce by 15 percent, including 5,000 jobs this quarter, the latest sign that the oilfield services industry is bearing the brunt of the prolonged slide in global oil prices....

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