Halliburton Cuts 1,000 Jobs As Oil Prices Tank
http://www.businessinsider.com/afp-halliburton-slashes-1000-jobs-in-eastern-hemisphere-2014-12
Halliburton, the world’s second biggest oil services company, said Thursday it is slashing 1,000 jobs in its eastern hemisphere offices amid tumbling global oil prices.
The layoffs, which are effective immediately, represent 1.25 percent of Halliburton’s 80,000-person workforce.
The layoffs will take place in Europe, Asia, Africa, the Middle East and Australia, but jobs in the Americas will not be affected.
The company said the decision was not an easy one, but necessary amid tumbling oil prices.
In terms of the Marcellus Shale, do you know the approximate production cost$? Natural Gas now $3.73. Just curious where the cutoff is?
I know people in oil and gas who lost their jobs, but were given 1/2 year salary as severance. They found new jobs. Getting canned turned out to be the biggest windfall of their lives.