Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 16 : 13-Oct-15

Listed oil and gas producer Santos has announced further job cuts, after it revealed plans to retrench 565 employees in August 2015. Santos intends to shed an additional 200 employees, with the bulk of the job cuts to be at its head office in Adelaide. The job losses are part of a cost-reduction strategy, with Santos aiming to achieve cost savings totalling $A180m by the end of 2015. Santos shares closed $A0.04 lower at $A5.93 on 12 October.

CORPORATES
SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, CNOOC LIMITED, PETROCHINA COMPANY LIMITED, SINOPEC CORPORATION, BERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT