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Suncor cuts jobs and spending as price rout rattles oil sands

Thursday, January 15, 2015 - 05:50


SUNCOR Energy Inc, Canada's largest oil company, says it will cut 1,000 jobs, lower its 2015 capital budget by about 13 per cent and delay projects to weather collapsing prices.

The company will spend C$1 billion (S$1.12 billion) less this year than originally forecast

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