Sources say upper management is weighing on shutting down multiple dollar sucking locations after the great performance of NAM in Q1.
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Considering the tool failures, lack of work, cost reductions by our clients, we have to reduce our costs to survive this prolonged price downturn.
Alaska dm is going to close soon. Lost bp, ExxonMobil.. trying to keep the lights on for now but it's not worth it. Anchorage office encouraging employees to take a leave of absent and for slope slaves, layoff and zero tolerance is on the way.
We are investigating many failures that's related to maintenance and it's not looking good at all.
Which building is being closed in Stonehouse ?
Stonehouse in UK is laying off 31 people by end of May and closing down (selling) 1 out of 5 buildings by end of Q2.
No plan on where remaining employees will be relocated and no plan on what will be done with the expensive equipment
They should just shot down the whole company. Bunch of 2nd tier wanna be bottom feeders.
Lights off USL
Which geo markets?