Freeport-McMoRan Oil & Gas cutting more jobs this summer

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Freeport-McMoRan Oil & Gas, the Houston-based oil and gas arm of Phoenix-based Freeport-McMoRan Inc. (NYSE: FCX), has disclosed another round of job cuts following recent divestitures. The company recently notified the Texas Workforce Commission it plans to cut another 26 jobs in Houston during the two-week period beginning July 31. The majority of the affected employees were expected to be placed on a paid leave of absence beginning June 1, according to a letter sent to employees. This is at least…


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