Any locations being closed? Reduction in force occurring? Or is it just business as usual?
7 replies (most recent on top)
Look for reduction in forces after the verp is offered in July
Houston service gonna have major reductions soon. Gonna have just management team left all work is going to be contracted out
Hard to believe that a company that has been around for over 100 years is being brought down by incompetent management. Truly sad.
Yes. NOV needs to be purchased. Broke up and sold.
Maybe best if NOV is bought out by someone?
Hydra Rig Duncan has shut down. The employees are being offered to relocate to Fort Worth without any relocation packages. Most of them choose to work from home instead of moving. Not sure what do they have to work on.....
Hydra Rig Canada is selling partial the facility. Hydra Rig Fort Worth haven't had any capital orders for more than a year. So they are just building something to make them look busy and sell them afterwards....
Might as well close up shop in the US. They really like expanding in India and Saudi. That's where it's headed boys.