AMOCO CANADA PLANS MORE STAFF CUTS
Amoco Canada Petroleum Ltd., Calgary, plans additional work force cuts after reporting an "unacceptable" $481 million loss in first half 1992. The loss on revenues of $1.8 billion compared with a loss of $129 million on revenues of $2.1 billion in the same period last year. The company had a $510 million loss in second quarter 1992. This year's losses include a $429 million writedown on the value of oil and gas properties.