Comment on Total CEO Initiates Global Downstream Reshuffle, No Layoffs

Total CEO Initiates Global Downstream Reshuffle, No Layoffs

PARIS -(Dow Jones)- French oil major Total SA (TOT) initiated Monday the first steps towards reshuffling its global downstream business that will ultimately merge its refining and petrochemical activities, in a bid to boost momentum without job cuts, its Chairman and Chief Executive Christophe de Margerie said Monday.

 

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