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Home Icon > About Us > News > Subsea 7 to Slash Global Workforce by 25%

Subsea 7 to Slash Global Workforce by 25%

Subsea 7 has released details of its cost reduction program which it alluded to in its first quarter earnings report released April 30. As previously indicated, these cost reduction measures are expected to deliver approximately $400 million in annualized cash savings from the second quarter 2021. In addition, capital expenditures will be reduced to minimal […]

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