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From Times Staff and Wire Reports
Amoco to Trim Staff by 4,500: The Chicago-based oil company is restructuring to pare its bureaucracy. The reduction of nearly 10% of its work force will make Amoco Corp., the nation’s fifth-largest oil company, a leaner competitor in an era of stable oil prices and computer-driven cost efficiency, Chairman H. Laurance Fuller said. Amoco said it will eliminate 3,800 jobs in the next 12 months and another 700 by the end of 1996 through early retirement, attrition and layoffs.
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