"HALLIBURTON!"
Posted on 09/24/2015 5:26:27 AM PDT by thackney
Oil field services giant Halliburton is planning more cuts to its workforce, including management positions in North America where the crude slump has been particularly brutal, on top of thousands of layoffs already announced this year.
In an internal memo from the company that was posted on the website of an Austin-based consultant, Halliburton laid out a plan to “flatten” its North American business by eliminating multiple layers of management — a decision that will undoubtedly affect Houston-area employees where the company is headquartered. Halliburton also said it will pursue additional cuts to its headcount as oil patch activity continues to falter.
“These actions are the result of significant deliberations and I realize how difficult these measures are for all of us whether they affect you directly or indirectly,” the memo stated. “While it doesn’t make it any easier, the company is not alone in taking these actions as similar actions are being taken throughout the entire oil and gas industry — service providers and operators alike.”
The planned layoffs add to a growing list of energy job losses that have started to fan out from the oil field to corporate offices around the globe. Worldwide, nearly 179,000 workers have lost their jobs in the downturn, according to data collected by energy recruiter Swift Worldwide Resources.
Halliburton, which has already slashed 14,000 jobs or 16 percent of its workforce, did not say in the memo how many additional jobs are on the chopping block. The company declined to reveal additional details about its layoff plans.
“Halliburton is making adjustments to its workforce in North America based on current business conditions and has communicated with our employees,” the company said in a prepared statement. “Halliburton will continue to monitor the business environment and will adjust the size of our workforce to align with current business demands as needed. We are committed to ensuring that our separated employees are treated with dignity and respect.”
Affected employees will be notified within two weeks, the memo said.
Damn that Dick Cheney...
Libtards heads explode...
O’Wait...
What happened to all that oil they stole from the Iraqis?
5.3 percent unemployment rate right? BFS. I know tons of people that are laid off or their employment has been terminated because of the economy.
The big conflict in the oil business is that the cost oil is no longer on the same trajectory as the ever increasing cost of their safety programs, but trust me, they still blow off big chunks of time every day to safety meetings and programs.
Uh oh!
That should always be where the first round of cuts go, in my opinion. Halliburton will emerge stronger for this.
It’s the nature of the oil business. Anyone working in that business should set aside at least 20% of their income in preparation for the possibility of layoffs.
“What happened to all that oil they stole from the Iraqis?”
The Brits got it I think. BP.
Low unemployment but high rates for those not in the workforce.
If you are not looking for work because the government checks are good enough, you are not counted in the unemployed numbers.
"HALLIBURTON!"
nail meet head...: )
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