National Oilwell Varco Inc. Layoffs

Topics regarding layoffs at National Oilwell Varco Inc.

Cormac Lynch and Morten Lovstad and their kids

Cormac Lynch and Morten Lovstad are both from Europe. Cormac's son Justin Lynch's big boss is Morten, while Morten's daughter Heidi Lovstad's big boss is Cormac. Is this kind of arrangement good for other employees' morale? Either Heidi or Justin can... —  read more 

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Post ID: @107PQ44a

Layoffs

Are layoffs going to happen at tower?

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Post ID: @105YlSYZ

What’s coming

So call me a dandy pessimist but I worked for Schlumberger before joining NOV and I am waiting for Half 2019 cost reduction implementation. We all know it’s coming before end Q3 so why are so many people being held in stasis ?

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Post ID: @ZYefHr0

MANCHESTERS GOING

Just heard there is goi g to be around 100 layoff at greengate...

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Post ID: @ZQj6LyV

Brandt Layoff

Will there be cuts Friday?

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Post ID: @ZQSkZ9O

Clay Williams

How long will he remain? He makes 15.02M in compensation while the median employee salary is $51,917 which is a 289:1 ration and for what? The stock price and company performance sure doesn't justify this. When will the board finally realize he is in... —  read more 

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Post ID: @ZP6F36r

Nov getting sued

Nov is getting sued for 25% of net worth in Oklahoma from explosion in Pittsburgh county according to mcalester news capitol

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Post ID: @ZNtretG

DDS

DDS is going to have many layoffs and then re-organize. Management at DDS is full of incompetent people who only reward the a$$ kissers with work..

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Post ID: @ZJap76e

Severance package

I was laid off and then rehired and they reinstated me at my seniority from my previous time with NOV. If I got laid off, would a severance package include the whole time I’ve worked at NOV because my seniority was reinstated- or just the time I’ve... —  read more 

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Post ID: @ZIMSYQY

Management is horrible

Management waits till the last minute to say important information, they are horrid at keeping a time table for products. Then they want to push for the job to get done last minute and we don’t even have the parts, in stock to complete. They let... —  read more 

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Post ID: @ZIw38E7

Facts

NOV is in bad shape because of inept management in Houston & in the plants. Promotions based on butt kissers, friendship & nepotism. People at all levels taking kickbacks for work that should be done in-house, putting themselves above the good of the... —  read more 

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Post ID: @ZHKBhKV

Asking

I asked my supervisor if a lay-off list had been already made & he wouldn’t answer. I asked because the rumor is the list had been made. Anyone else heard anything? —  read more 

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Post ID: @ZHdP1u7

"you're good" BS

Don't fall for the "you're good" BS from your manager. I can tell you several VERP candidates were told not to worry about taking the package last time (on the low) only to be cut a couple months later. Major regrets. The market is c-ap, if you can... —  read more 

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Post ID: @ZBri7Sy

Ouch

Stock below 20$ a share. Where is the bottom? It will bottom at 15 a share, & 25% cut in employees!!!! —  read more 

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Post ID: @ZymfHP2

NOV Bammel

Well it looks like the new TESS program has officially taken over. The old technical support guys were let go today.

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Post ID: @ZxSEEVs

VERP DOCUMENTS

How many are going to wait the 45 days before signing?

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Post ID: @Zwv38Gh

Wow

What all plants have been hit with layoffs so far?

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Post ID: @ZqsHDkg

Stock down over 5% this morning....Hmmmmm

So the stock is in the toilet, CEO preaching the same rhetoric during the quarterly conference calls, headwinds this and that, new technologies etc etc etc. Drive by the West Little York location sometime and look at the all non sold equipment... —  read more 

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Post ID: @Zpz3gLe

How many more layoffs before the weekend?

Lot of layoffs at my location, so it’s safe to say that this week hasn’t started very well. Does anyone have any precise info on are the layoffs going to continue in the same tempo throughout the week, or were today and yesterday the days when they... —  read more 

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Post ID: @ZotyvTI

I know you know

When are the layoffs starting? Someone out there knows. Nobody will know who told.

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Post ID: @Zo7YfTY

Well????

Any word on Texas locations? Such as the North Frazier or Pollock Dr locations?

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Post ID: @ZnFwVoV

XL Systems, division of CAPS hiring

XL Systems, division of CAPS is hiring in Houston and Beaumont, They issued VERP like other NOV entities, but will not be laying off. Rumor is they are going to open a new plant.

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Post ID: @Zmy4GHQ

1

Gateshead paint shop money draining section ever over last three years..... none of products are to customer specification.

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| 1237 views | |
Post ID: @Zl6Qx4I

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