Heard HR is making cuts tomorrow to service. I hope all you hunting club boys are ready.
Topics regarding layoffs at National Oilwell Varco Inc.
Watch out below! More cuts coming!
Tell me why does a company allow a ceo to get a 13 million dollar bonus,when its obviously going down.
Has anybody heard of any more layoffs at the Eldridge facility?
Most experienced ones (including managers) were let go today who worked at the facility 20 plus years. Hope they got the package. Only ones left are Canadians or hired by Canadians. Hydra Rig Fort Worth is another good example that American... — read more
Found an article that said NOV was expected to get 123 million dollars in aid. If that's correct they were getting cash while closing facilities and laying people off. How long will it be before the squander that and file for bankruptcy? It's coming... — read more
Today it has been announced NOV shall diversify into manufacturing to drawing spec
Has he jumped or pushed
The rumor mill is saying layoffs for bammel within the next month. Its already a pretty slim facility. At this rate they will be closing the doors by early next year. Good luck.
What do you think, are they going to do layoffs ahead of the Q3 report to have something to cling to when everybody comes for them for lousy results or will they wait and do them after, give investors something to look forward to? I vote a week... — read more
Noticed expense reports get kicked back more and more lately?? Inconsistent rules and petty comments. This is because NOV are desperate to hold onto the cash just a little longer. Yes the situation is THAT bad!
Well it’s going to be interesting to listen to how they are going to upsell this pig in a poke, another disaterous quarter and looking to get worse in q4. No Obvious Value in holding these shares
I can only say what I’ve heard. Much like the Stonehouse factory I said would close a year before it did, after hearing the plans. A month ago now I heard plans to shut Gateshead factory. I wish you all the best.
Layoffs occurred today at PCG. 12 that I know of were laid off due to staff reductions. Wishing the best for everyone. Bad time for our industry right now.
Today is Thursday 10/8/2020. At least they are extending health and dental through end of year. Best of luck those that suffer the same fate!
If they combine these who will survive ? Which VP and ???
It’s a shame, that within a short drive from NOV corporate on Park Row, that someone who cared in a high position, could have simply taken the time to come by some time back when the Lebanese Mafia came into power under, just to witness the grossly... — read more
Monday is the day
Change of contract again. With UNION agreeing to. And next would be reduction in wages to save redundancies like last time and still made shop floor workers redundant no doubt union will agree to that too. What next
There’s nothing more to say.
With today’s announcement there is only one way this will end. Our fate is sealed as a factory. Last person out turn the lights off and feed the cat 🐱.
1/3 of the shop floor to go. Except the down and outs in inspection. No office staff to go
This site is being monitored by NOV management and they DO have post removed. Seems odd that posts that make no mention of a name, merely statements one has made publicly would be considered for removal.
Tried to watch these "conversations" the company has on social media outlets like Linkedin and its just unbearable. Watching these people is cringeworthy and embarrassing mainly because they just seem clueless and talking out of their you know what... — read more
Office two meter rule enforced, plastic screens put up, one way systems, people working from home. Shop floor three people to one machine for training under the order of management, bringing people back from the sick with the high likely hood... — read more
Well folks just heard that Conroe facility is shutting down and selling the building. A family friend works for a Houston commercial real estate company and just called to tell me that the NOV facility located at 2800 N. Frazier is pending contract... — read more
Cmon yall, I know there are some rumors with budgets in full swing. It's getting boring out here with no pipe. Need to pass the time with some popcorn and hearing about the shlt show that is holmes road.
my post about turning in uniforms two months ago was laughed at. They said it was nothing just a simply change of uniform company's. Well i told you it was coming 8018 breen dr is closing its doors October 9th. 8018 breen dr management too... — read more
Are reductions in store for Drill Bits Manufacturing over at 500 Conroe Park? How about that plant manager?
Just from looking at that awesome stock price today, expect more layoffs.
Quarter is ending and judging by the panic looks in our stagnant management, its going to be ugly folks! Desperately pushing for bookings and shipments for revenue but nothing happening. Mainly because the productive people were laid off. Should be... — read more
I heard today that US power section manufacturing was to be shut down in two weeks, with tooling and orders transferred to Canada. If true, sad for the few remaining there. Can anyone else confirm?
This shop is starting to look like ghost town our days are numbered !!!
My wife and I will be retirement age in less than 10 years. We’ve already discussed options of early retirement for me while she continues her career because I honestly don’t see a future here. It has been proven over and over again that current... — read more