CNRL cuts staff salaries due to market conditions

As a response to low global oil prices, Canadian Natural Resources Ltd. (CNRL), Canada’s largest independent oil producer, is cutting salaries by up to 10% for all company staff members in Calgary, Alberta, and Aberdeen, Scotland, according to Reuters.

The action was part of CNRL’s efforts to further reduce costs and protect the soundness of the company during the current challenging market conditions.

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