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Weatherford Cutting 6,000 More Jobs as Oil Downturn Worsens

2016-02-04 21:08:36| Oil & Gas - Topix.net

Weatherford International Plc plans to lay off an additional 6,000 workers, about 15 percent of its workforce, over the first half of this year to cope with the worst crude market downturn in 30 years. The latest round of cuts brings to 20,000 the number of people who have been or will be let go by the world's fourth- largest oilfield services supplier as oil prices tumbled by more than two thirds.

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