Cal Dive plans to cut jobs, close facilities

Cal Dive international Inc. (OTC: CDVI) plans to cut jobs and close a number of its facilities, according to Reuters. The job cuts are to begin Aug. 31, and include 126 jobs cut at each of two facilities in Texas.

On March 3, Cal Dive announced that it had filed for Chapter 11 bankruptcy protection for its US-based businesses. In June, the company said in court papers that it had found a buyer for its Australian business unit via a $17 million bid for its subsidiary by private equity-backed startup Shelf Subsea Services.

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