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Oilfield services giant, Halliburton yesterday said that it will furlough 3500 staff in Houston for 60 days amidst expenditure cut by shale producers due to falling oil prices. The move will mean that the affected staff will be working in a cycle of one-week on and one-week off during the period. While benefits will remain during the furlough, payment will not be made to workers for the weeks not at work.
