Exclusive - Total boss tells staff it will cut spending and freeze recruitment
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PARIS (Reuters) - French oil major Total will freeze recruitment, boost costs savings and halt its share buyback programme due to tumbling oil prices, chief executive Patrick Pouyanne told staff in a video message on Thursday, according to a union official. The group is the latest oil and gas producer to slash investment plans and cut costs following a slide in oil prices to 20-year lows on the back of a price war between Saudi Arabia and Russia, and a slowdown in global demand linked to the..