Saipem to shed 800 jobs (2)

9-mth loss 1.9 bn

(Corrects to clarify not ENI-owned, plan by 2020). (ANSA) - Rome, October 25 - Oil and gas contractor Saipem is to shed 800 jobs under a new business plan, the company said Tuesday. It said the plan would split the company into five divisions by 2020. Saipem also said it had a nine-month loss of 1.9 billion euros.
   

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