Sept 1 (Reuters) - Canadian oil and gas producer Penn West
Petroleum Ltd PWT.TO PWE.N said it would lay off about 35
percent of its workforce and suspended its dividend as it copes
with a slump in crude oil prices.
The company also lowered its 2015 capital spending forecast
by 13 percent to C$500 million ($380 million).
($1 = 1.3169 Canadian dollars)