Noreco Cuts Half of Its Employees Workforce To Reduce Costs

(OFFSHORENO) The crisis-ridden oil company Noreco must implement drastic cost cuts, it emerges in a statement Wednesday. The company writes that it wants to limit the financial obligations, particularly the exploration costs. Noreco also writes that about half of the 30 employees lose their jobs in the company. It's sad, but there is little way around [...]