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Wintershall Dea to cuts costs, staff as it disentangles from Russia

Pump jacks of Wintershall DEA are pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer/File photo Acquire Licensing Rights

FRANKFURT, Sept 5 (Reuters) – Wintershall Dea (BASFn.DE) (WINT.UL) on Tuesday said it will cut some 500 or roughly a quarter of its staff and reduce its management board in a separation of its business from Russia on which it historically had relied on for half of its hydrocarbons production.

“We have adjusted our corporate strategy in line with the changing energy sector and our exit from Russia and we are now…

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