How long do the VERP nominees have to decide if they want to take that option ? How long before management start selecting some people for termination and will it be a worldwide process or just US ? What will the terms of termination be ?

Is it true that plants in Texas will be closed?

Anybody else offered Verp at Houston location? What is going on?

Anyone recall what was Severance compensation handed out was ? Two weeks per Year work or One year per year worked ?

Voluntary Early Retirement Program (VERP) handed out at my Facility. Need to be a total 72 years with Employment and Age. Package is one years salary plus five years Health Insurance naturally paying your share cost of Health Insurance.

What’s going on with Brandt? They’re cutting hours but hiring temps on to become full time employees? Anyone know anything.

No layoffs at my location, so I;m wondering whether they are happening in some other part of the company in a stealth manner? If that’s the case I would like the folks for afected locations to post. Maybe in that we can form some sort of picture who... — read more 

Anyone know why they're handing out VERPS in conroe,tx. Does this mean layoffs????

verp is out, layoffs and restructuring is coming everywhere

What is NOV leadership going to do to give us investors their dividends, hardly any profits in first 3 months of the year. Another VERP, another CRP ? VERP - voluntary early retirement program CRP - cost reduction program ( no salary increases... — read more 

I’m hearing about a lay-off at under performing plants. Hopefully it’s just b.s. Anyone else know anything?

Bammel is being micro managed into the ground. They are more concerned about painting stripes and where your pens and pencils go than production or taking care of their employees. Henley and Co. need to go and new management isnt much better. I hope... — read more 

Is it just Brandt or all the other NOVs that make you think discussing pay can get you in trouble or fired? I feel like they don’t want people talking about it cause they know people will figure out they’re being screwed over.

Box clever lads.....

Stock price is in the sh***ter. Still under 30 when price of oil has increased. That's what you get when Napolean Dynamite and Pedro are running the show. Used to be such a great company to work for, now its just a place to surf the net.

Current employee.

Three managers I know (two in my department) have left NOV in the past month. All of them left voluntarily. Could it be that they know something we don't? Should we be preparing for another restructuring with major layoffs right about now? Or am I... — read more 

What did he do?

Is other departments moral really low right now at NOV? DDS is being managed to the ground. Joey and CJ have the worst management skills in all of NOV. Everything is so micro-managed. We are always looking over our shoulder on everything we do... — read more 

Been hearing rumors about another restructuring with more layoffs before the end of the month. Is this true? If it is, do we have any details yet? Like what will be hit, what kind of numbers are we looking at, or at least a little more precise time... — read more 

I heard Cedar Park is reorganizing. Is that true?