Colombian oil companies to lay off 10,000 workers

teleSUR English 2015-03-05

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Due to the fall in international crude prices, Colombian oil companies told President Juan Manuel Santos' administration that they will lay off 10,000 workers. While the Colombian government says it is developing an action plan to minimize the effects of the oil crisis, local analysts consider the massive layoffs to be part of moves to privatize the state run oil company, Ecopetrol. teleSUR

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