June 29, 2020 / 7:09 AM / 14 days ago

Hunting cuts 25% of workforce, warns of subdued Q2 trading

(Reuters) - Oil industry manufacturer and services provider Hunting Plc (HTG.L) said on Monday it has cut 25% of its workforce, citing a decline in trading within most of the group’s businesses during the second quarter due to lower oil prices.

Hunting said the job cuts from the end-2019 level will largely be completed by the month end.

Reporting by Shanima A in Bengaluru; Editing by Shailesh Kuber

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