When will it ever end? :(
http://www.aftenbladet.no/aenergi/NOV-varsler-ytterligere-nedbemanning-545246b.html
9 replies (most recent on top)
Yes, you are correct with that view and why NOV will not be in good shape down the road.
Norway lives, and dies, on the overpriced, overly complicated, offshore drilling packages. Offshore will be dead last to rebound and when they do they'll be so price sensitive it'll preclude Norwegian products. The customer won't stand for only dealing with Norway for support, so until they open up, they'll continue to be plucked away as their level of importance diminishes.
Drain the NOVN swamp!
Good. Still have a couple thousand too many.
When all the closed off Norwegians are gone and only team players remain...
I'm sure there's more to come.
Well this shouldn't come as any surprise to anyone in Norway. They built their entire product and business model around selling large packages to offshore rigs. The support for those products is awful and that's being generous. What did you think would happen now that services and land are the only thing making money?
Wow... I thought Trump signed something with Saudi Arabia to give NOV a great bust. I guess it didn't include Norway.
When NOVN will have around 700 emloyees left