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Gazprom has made substantial cuts to its London-based trading business following a review by Oliver Wyman. The Russian energy giant has been attempting to adjust to the weakening commodities markets, and to do this, Oliver Wyman has recommended it cut numbers at Gazprom Marketing & Trading by 20%. The management consultancy was brought in to review the business and specifically look for cost savings The cut will see 170 job losses.

See: The Wall Street Journal

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