Occidental offering voluntary job buyouts as it cites need for spending cuts -document

(Reuters) - Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline in oil prices and the coronavirus pandemic for "severe dislocations" in its business.The Houston-based company last week posted a $2 billion (1.6 billion pounds) quarterly loss and has slashed capital spending drastically to shore up its balance sheet amid the worst oil-and-gas-industry downturn in 40 years...