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100,000 lay-offs so far in the oil industry and counting

But there is a danger in companies cutting too deep, say industry recruiters.

In the US, the worst pain is, not shockingly, expected to be felt in Houston. The hydrocarbon capital of the world could lose 75,000 jobs.

THIS time a year ago, the oil industry's biggest problem was finding a way to deal with the "retirement tsunami" about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom - 55. Now, with oil prices still in the doldrums, many of those same workers are lucky to...

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