Topic: Cost reductions

Schlumberger cuts 21,000 jobs

Schlumberger is cutting 21,000 jobs in response to the pandemic and related oil crisis. CEO Olivier le Peuch says the second quarter “has probably been the most challenging quarter in the past decades.” The company...Read more
|Comment|author: Tobias Pieffers

Van Oord axes 500 jobs

Van Oord becomes the latest offshore contractor to heavily cut back on its workforce. Covid-19, the slump in oil prices and deteriorating market conditions in the dredging industry force the company to cut 500 jobs...Read more
|Comment|author: Tobias Pieffers