POSTED: Thursday, May 2, 2013 - 6:00am
UPDATED: Thursday, May 2, 2013 - 6:14am
Transocean declined to specify how many jobs would be eliminated
Houston — The Houston Chronicle is reporting; Transocean Ltd. expects to achieve $300 million in annualized cost savings after a restructuring initiative that included divesting 38 offshore rigs in the fourth quarter and eliminating shore-based jobs.
To read more, head to The Houston Chronicle's website: http://fuelfix.com/blog/2013/04/30/transocean-plans-job-cuts-to-focus-on-offshore-business/?cmpid=businesshcat