Major Drilling says staff levels cut 38 percent

Thu Jun 6, 2013 9:25am EDT
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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.