Schlumberger-Anton venture to reduce headcount
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Hong Kong
AN oilfield service joint venture set up by Schlumberger Ltd and Anton Oilfield Services Group will fire some staff after the partnership failed to win enough contracts.
Sichuan-based Tongzhou IPM Services Co, set up in September 2012, will fire some employees to cut operating costs, said Wang Bo, Anton's Hong Kong-based spokesman. The move doesn't imply that Anton and Schlumberger, the world's largest oilfield-services provider, plan to shut the venture.
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