This does not bode well for the economy. (Neither the US or the Global economy). For all the Weatherford cheerleaders on this board, I do hope you open your eyes and start paying attention. Oil is headed back to the 30's. Things are not good out there.
http://www.pekintimes.com/news/20160902/caterpillar-layoffs-this-week-300-in-mossville-thousands-overseas
Cat management is a bunch of luciferian a-holes. They gangstalked my Mom until she ultimately died so they didn't have to pay her pension. She worked for these scumbags for over 30 years - at the stinking Mossville plant, too. Not surprised at how these satanists are firing good Americans to take h1B retards at a much cheaper rate. Hope they burn in hell - soon!
Caterpillar is just another Greedy company like Weatherford that will do anything to kiss the a-- of its shareholders. They layoff thousands and continue to hire H-1B . Vote Trump.
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I think once Russia controls OPEC, oil prices will go back up.
No this is a new cut announced last week. Mainly engineers
The article is dated Sept 2 of this year. I guess that is a long time ago. Three whole days. Last I checked, Cat's machinery didn't run on water. Or air. Maybe it does now. Maybe the employees who are getting the boot all have vehicles that run on water...or air. Hmm. Strange thing about the economy. ALL parts affect each other. But I'm thinking you weren't able to stretch yourself enough to see the bigger picture. That's ok. It takes all kinds.
The Caterpillar cut was announced a long time ago. It has nothing to do with oil.
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If you think WFT treats you like crap, you should be happy you don't work for Cat. They have always treated their employees like sh--.
We did this to ourselves. Drill drill drill and look what we have now. Good for me i had another line of work to fall back on. This little uptick in drilling will soon be over. Anyone got a big 4x4 to sell s---ers
The world-wide oil glut we've been dealing with for the past 18 months or so still shows no sign of easing up. There are tankers full of oil parked a couple miles off shore all over the world...some of them for months...with no where to put their oil. I'm not a pessimistic person, but lately I have been following the news and it is worrisome.