Company spokesman says steps taken amid 'dramatic downturn'.
Bradley Olson - Bloomberg.com

Most of the 1,800 jobs being lost will come from North America, including more than 500 from Houston, Daren Beaudo, a spokesman for the Houston-based oil and gas producer, said in an e-mailed message Tuesday. “Our industry is undergoing a dramatic downturn, which has caused us to look at our future workforce needs,” he said.

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