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Chinese oil giants to avoid retrenchment
Published Fri, Aug 28, 2015 · 09:50 PM
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Hong Kong
CHINA'S biggest oil companies say they'll cut costs, but not employees.
As the collapse in crude prices curbs profits and prompts a wave of layoffs in the energy industry from Schlumberger Ltd to Royal Dutch Shell Plc, Chinese state energy giants say their employees are safe.
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