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Brazil’s debt-ridden OGX firm said to lay off staff

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Brazil’s debt-ridden OGX firm said to lay off staff (via AFP)

Brazilian tycoon Eike Batista’s debt-ridden oil firm OGX laid off 20 percent of its 300 employees, the daily Folha de Sao Paulo reported Tuesday. In a brief statement sent to AFP, the company would only say that it “is involved in a process of financial…

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