(ANSA) - Rome, October 25 - Oil and gas contractor Saipem
is to shed 800 jobs under a new business plan, the ENI-owned
company said Tuesday. It said the plan would split the company
into five divisions by 2010. Saipem also said it had a
nine-month loss of 1.9 billion euros. The company is a
subsidiary of Italian energy group ENI, which owns approximately
30% of Saipem's shares.
Saipem to shed 800 jobs (2)
9-mth loss 1.9 bn