Any of you guys from SLB heard anything concerning what the plan is for Cameron Layoffs?? Looking for a new job now, got some interviews lined up. Not gonna wait for the axe to fall.
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Cameron to close Houston facility, cut jobs
Cameron International Corp. (NYSE: CAM) has decided to close a facility in Houston, affecting 55 jobs.
The Houston-based oil and gas equipment and services company told the Texas Workforce Commission that it will “close the facility known as Drilling Systems - Topsides Control Group at the Beltway facility” at 6213 W. Sam Houston Parkway N.
The first job cuts are expected to begin on or about Feb. 1, and others will occur on or around April 1, depending on business circumstances and needs.
Earlier this fall, Cameron sent WARN letters to the TWC disclosing 75 job cuts at 6039 Thomas Road and about 150 job cuts at 6500 Brittmoore Road, both in Houston. In those letters, the company also cited “the current declining business conditions” for its decision to “substantially reduce operations” at the two facilities.
Meanwhile, Schlumberger Ltd. (NYSE: SLB) plans to acquire Cameron in a $14.8 billion deal, which is expected to close in the first quarter of next year.
http://www.bizjournals.com/houston/news/2015/12/14/cameron-to-close-houston-facility-cut-jobs.html
Although Cameron’s current job cuts are related to the industry downturn, analysts say the merger could result in some job cuts.
Analyst: Schlumberger-Cameron deal good for deepwater, bad for Houston
http://www.bizjournals.com/houston/blog/drilling-down/2015/08/analyst-schlumbergercameron-deal-good-for.html
It will be bad.