** Technip falls 7.7 pct, its worst day in a year,after announcing a restructure that will see 6,000 jobs lost
** Co also set to book 650 mln euro restructuring charge
** Cut to "sell" from "buy" at Soc Gen: says now difficultto forecast 2016/7 revenues, co's exposure to deepwateroff-shore puts at a disadvantage v cos with greater US shale oronshore Middle East business
** PT cuts also seen at JPM, Citi, Barclays and Canaccord
** Top faller on Stoxx 600 and second most tradedby average 30-day volumes
** Peer group dominates top losers on Stoxx: Subsea down 4.8 pct, Aker Solutions down 3.2 pct,Wood Group and Weir down 3 pct, Saipem, Amec Foster Wheeler, Genel andPetrofac all down 2-2.4 pct on a marginally higher index
(RM: alasdair.pal.thomsonreuters.com@reuters.net)