INTERVIEW-UPDATE 1-BasEl says 50,000 jobs cut, seeks debt deals

Newswire

* Basel says cut near 50,000 jobs since the start of crisis * Hopes to complete $20 bln debt restructuring in '09 (Adds more quotes, details, background) By Kiryl Sukhotski and Polina Devitt MOSCOW, Oct 30 (Reuters) - Russian tycoon Oleg Deripaska's metals-to-timber conglomerate Basic Element (BasEL) has cut about 50,000 jobs since the crisis began last year, a company executive said, revealing the biggest layoff Russia has ever seen. Basic Element's Deputy Chief Executive Andrei ...

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