REUTERS - The trading unit of Russia's Gazprom Pao has laid off about 20 percent of its workforce, including at least six directors, the Wall Street Journal reported on Friday, citing two people familiar with the matter.
London-headquartered Gazprom Marketing & Trading expects a big fall in profits at some of its units this year, according to the newspaper report. (http://on.wsj.com/2gnGr5q)
Oil and gas companies have been hit by a 60 percent slump in oil prices since mid-2014.
Gazprom Marketing was not immediately available for comment.
(Reporting by Komal Khettry in Bengaluru; Editing by Shounak Dasgupta)
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