[CedarDave]

Our company received a 20% cost reduction requirement this morning from one of the major service companies mentioned in the article.

[thackney]

So far, we have had the Overtime mostly eliminated from engineering and design. Not sure how they think that will work with no change in the schedules so far.

[catfish1957]

Our company received a 20% cost reduction requirement this morning from one of the major service companies mentioned in the article

As a retired manager from a "major", I can guarantee that internal budgets are going to be cut even more. Pain for a all as they used to say.

[T-Bird45]

Job shops throughout OK doing machining work for the various service outfits and completion equipment manufacturers are receiving 25% reduction requirements from their customers.