CALGARY, Alberta, Oct. 2 (UPI) -- Spanish energy company Repsol said it would outline specific details about strategic revisions that include substantial layoffs at a mid-October meeting.
The Spanish company said it trimming about 1,500 employees from its payroll, following precedent that began in early 2015 as crude oil moved into a bear market. Spokesman Brent Anderson was quoted by the Global and Mail newspaper in Canada as saying the job cuts are part of a long-term process.