June 6, 2013 / 1:27 PM / 4 years ago

Major Drilling says staff levels cut 38 percent

June 6 (Reuters) - Major Drilling Group International Inc said on Thursday it has cut staff by 38 percent, part of cost cuts prompted by a slowdown in mining companies’ exploration spending.

Chief Executive Francis McGuire disclosed the staff reductions on a conference call following the drilling company’s financial results, released after the close on Wednesday.

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