Marathon Oil lays off 5% of workforce as part of cost-cut plans

Marathon Oil lays off 5% of workforce as part of cost-cut plans
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

16.02.2021

MOSCOW (MRC) -- Marathon Oil Corp has laid off around 100 U.S. employees, or about 5% of its total workforce, a company spokeswoman told Reuters, days after the oil and gas producer cut salaries for top executives and board members, said Reuters. Although oil prices have raced back above the pre-pandemic level of $60 per barrel in recent months, producers are focusing on improving balance

Full article at mrcplast.com

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