National Oilwell Varco Inc. Layoffs

National Oilwell Varco Declares Regular Quarterly Dividend

This is how you know a scam. A company that is bleeding more than $6 a share in losses over the year, paying out a "dividend" of approximately $20 million dollars in a quarter on a quarterly loss of $62 million. That's like a car crash victim... read more

Cost vs number of people in layoffs

Cost is much more relevant than number of people. If 10% is a number than it will likely be total cost or payroll cost. So you can lay off quantity 5 $60,000 employees or one manager being grossly overpaid at $300,000. NOV hasn't been very effective... read more

One more cut before the end of summer?

Analyzing the situation and climate of our industry suggest that indeed there are signs pointing towards more reduction before the summer ends.

How's Gateshead plant doing now any good news

Burkburnett facility

Any word on the Burkburnett facility? Are they still hiring cause I have thought about applying.

NOV is taking away Offshore Trucks

Bammel Office is taking away Offshore Techs trucks by the end of Aug 2017. A DE manager took the upgraded bumpers and brush guard from a DE supervisor old truck and he was given a new truck to keep. They also used DE Techs to do all the work. 4 DE... read more

Creekmont

Any news on creekmont? Just asking for a friend lol.

Elmar/Aberdeen

Hey guys we hearing rumours over here regards Elmar?....any info on that?

More cuts will acheive nothing at National Oilwell Varco

NOV feels like it is in a bit of a death spiral. They continue to cut to save money, but can't generate revenue to offset the cuts which makes costs go up which costs them orders which creates more necessity to cut jobs and save money which . . ... read more

More layoffs incoming?

It seems that National Oilwell Varco is gearing for more layoffs... Not sure when, but this makes it pretty clear that the last round achieved what they wanted it to, so I am guessing they will not be shying away from more... read more

Beware 7/27 it hits the fan!!

How many will it effect?

question

what happened to the n.o.v. plant in Oklahoma city ?

NOV Lifting & Handling Group

So now that they have closed our facility down in Covington and laid everyone off what going to happen to the SOB's in Houston and the AmClyde and Unit product line????

Orange just posted 3 new positions did people quit. or his work picking up ?

Another Texas plant closing?

What plant in Texas is closing & it's production is moved to Pampa Texas?

Sad but true

I understand the bitterness and management can and likely is pretty bad, however your predicament has little to do with their performance. Just like most of the textile industry in the US your product is obsolete as made in the USA. It's too cheap to... read more

NOV Creekmont!!!

What happened to 4 big bosses at Creekmont, Paul Pratt, Mani1gram, Kenneth Scott and Eliseo Perez? They got fired last week?

NOV Covington shutting down friday july 14, 2017

Top notch, quality people, loosing their jobs because the not so smart managment team in Houston refused to listen. Donkeys in suits making decisions not because they know better, but because they purchased their degrees in a vending machine.

Oil sinking like a Lead Balloon

With Oil dropping like a rock. HR is going ahead with its last Hail Mary. More like a punt and so it seems next week is booked for conferences. It's one more cut at Eldridge. So I heard from very reliable people

Are things picking up?

So what's the latest status? Are there any employees left at NOV actually reading this?

Is things picking up

in general are things picking up orders getting placed etc? I read a few month ago that 2019 will be business as usual with a $100 barrel, I guess work will be begin now in order to ready the rigs for drilling in 2019 Anyone seeing this yet?

Gill Service?

401k match

Noob question - how does the 401k match work? I.e. what is the max the company will match? Say my base salary is $42,000 - what is the max on US payroll they will match for contributions. Thanks yall

Layoffs at Orange Big Names Gone

Redundancies UK Service Engineers

NOV Tools available in sanctioned countries

Anyone heard about this ?!

5th round of layoff for NOV Norway

When will it ever end? :( http://www.aftenbladet.no/aenergi/NOV-varsler-ytterligere-nedbemanning-545246b.html

Drug testing at NOV Tower

Random drug testing today at the NOV Tower. Appears they are trying to make more cuts without having to do layoffs.

So why is he still here!!????!!

He is way out of touch in the business. So old he should have retired a long time ago. Just staying cause he can. Pull the wool over managements eyes all the time. Claims all the ideas and glory for his self. Time to go old man. An insurance... read more

Pay rise

Just announced Stonehouse to get 5%pay increase in july

This is primarily a services and service equipment merger.

Since NOV doesn't derive much revenue in Gas Compressors for instance they won't feel too much of a hit. There is some overlap but it isn't a considerable competitive situation between the companies. Indirectly, it provides another narrative for the... read more

National Oilwell Varco Inc. Layoffs

Topics regarding layoffs at National Oilwell Varco Inc.

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