Halliburton, BHI increase workforce size reduction estimates

Offshore staff

HOUSTON – While the merger of the two still is pending, both Halliburton and Baker Hughes are laying off more employees than predicted in response to the industry slowdown from lower oil prices.

Reduction tallies given in recently released quarterly reports indicate Halliburton plans to increase its cuts to 16% of the total workers and Baker Hughes plans to increase its cuts to as much as 21% of its total force.

Both of these numbers are greater than the number anticipated earlier by each company.

07/28/2015

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...