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2015-12-08 19:25:00

NOV VARCO CUTS 900 JOBS

NOV VARCO CUTS 900 JOBS

U.S. oilfield equipment maker National Oilwell Varco Inc will cut its Norwegian workforce by another 900 people after low oil prices resulted in fewer orders, the company said on Monday.

The layoffs come on top of cuts announced in June when the company said it would cut 900 permanent jobs and 600 contractors from its Norwegian workforce by the end of this year.

The cuts announced on Monday were all permanent jobs, the company said in a statement. Following the latest round, National Oilwell Varco will have laid off about half of its staff in Norway.

reuters.com

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More: 

NOV VARCO NET INCOME $155 MLN 

NOV VARCO DOWN 50% 

NOV VARCO 1Q REPORT 

NOV: 2015 WILL BE SEVERE 

NOV ANNOUNCES $3 BLN

 

 

Tags: NOV, VARCO, NORWAY, OIL, PRICES

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