Chesapeake up on Texas workforce cut

Layoffs: Chesapeake to lay off 70 from North Texas offices

Reuters/Scanpix

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Luke Johnson

 19 June 2012 21:44 GMT

Chesapeake Energy's stock closed up nearly 6% after the company announced it would be laying off 70 employees from its offices in North Texas that oversee the company's operations in the Barnett shale.

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