BUZZ-Technip: worst day in a year after announcing restructuring plan

** Technip (Paris: FR0000131708 - news) falls 7.7 pct, its worst day in a year, after announcing a restructure that will see 6,000 jobs lost

** Co also set to book 650 mln euro restructuring charge

** Cut to "sell" from "buy" at Soc Gen: says now difficult to forecast 2016/7 revenues, co's exposure to deepwater off-shore puts at a disadvantage v cos with greater US shale or onshore Middle East business

** PT cuts also seen at JPM, Citi, Barclays (LSE: BARC.L - news) and Canaccord

** Top faller on Stoxx 600 and second most traded by average 30-day volumes

** Peer group dominates top losers on Stoxx: Subsea down 4.8 pct, Aker Solutions (Berlin: 1AKA.BE - news) down 3.2 pct, Wood Group and Weir down 3 pct, Saipem (Milan: SPM.MI - news) , Amec Foster Wheeler (Other OTC: AMCBF - news) , Genel and Petrofac all down 2-2.4 pct on a marginally higher index

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)