Sector News

Weatherford to cut 90 jobs in Katy

June 29, 2016
News

Weatherford International plans to cut about 90 jobs at an oil-equipment facility in the Houston area, the company told Texas regulators this week.

It’s a small part of the mass layoffs that have swept across the oil industry for two years and cost Texas more than 100,000 jobs. Weatherford, an oil-field service company that has its U.S. headquarters in Houston, has shed 20,000 workers and has shut down more than two dozen oil-equipment facilities since the oil bust began.

The company’s latest cuts, at a Katy facility where it makes artificial lift systems that pump crude oil out of wells, will come in mid-August. It said the layoffs are “due to a loss of business opportunities.”

By Collin Eaton

Source: FuelFix

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