Do we have any updates here? Do we know what they are planning to do? I am sure they are not planning to decrease executive bonuses any time soon.
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http://www.houstonchronicle.com/business/energy/article/More-layoffs-defaults-expected-as-oil-slides-in-6422506.php
National Oilwell Varco, which builds blowout preventers and other equipment for the oil industry, said its well bore technologies unit is closing a facility in Willis over the next few months, laying off 150 employees starting in mid-August. The company said it had 63,600 employees at the end of last year.
I heard the same thing.
Heard from a reliable source that they will close the Willis location. My heartfelt sympathy to all employees and their families.