Talisman Energy (TLM) is weeks away from introducing layoffs and other administrative cutting...

|About: Talisman Energy Inc. (TLM)|By:, SA News Editor

Talisman Energy (TLM) is weeks away from introducing layoffs and other administrative cutting that will chop $260M from annual costs, Financial Post reports, as downsizing under new CEO Hal Kvisle means fewer staff will be required going forward. But TLM wants to move cautiously on asset sales, citing relationships with state oil companies that "to some extent depend on Talisman being a global player."