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Oilfield services firm Hunting to cut jobs

Reuters - UK Focus

Feb 16 (Reuters) - Oil and gas services firm Hunting Plc (LSE: HTG.L - news) said it would cut an unspecified number of jobs and take other cost-saving measures in response to the slump in crude oil prices.

Hunting, which did not provide a financial forecast for 2015, said its well completion and well construction businesses would be the most affected.

The company said its cost-cut measures also included the reduction of operating shifts and hiring freezes. (Reporting by Abhiram Nandakumar in Bengaluru; Editing by Gopakumar Warrier)