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Topics regarding layoffs at National Oilwell Varco Inc.
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?
Layoffs started today and are still going on
Just announced Stonehouse to get 5%pay increase in july
When will it ever end? :( http://www.aftenbladet.no/aenergi/NOV-varsler-ytterligere-nedbemanning-545246b.html
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
I do hope that NOV bounces back and I can get my job back. It is possible and I refuse to be negative about things in general.
Anyone heard about this ?!
Run from this dead sh--ty rathole while you can. It'll be sold out in small pieces to GE and others & in any case old nov crowd will be got rid of by new owners.
Mad bill axes shift but this was a long time coming!!! Forties road Montrose time is close!!
Random drug testing today at the NOV Tower. Appears they are trying to make more cuts without having to do layoffs.
Has elvis left the building
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
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
EU signs off on Baker Hughes merger with GE Oil & Gas. Any idea how this will affect NOV ? http://fuelfix.com/blog/2017/05/31/eu-signs-off-on-baker-hughes-merger-with-ge-oil-gas/
http://www.chroniclelive.co.uk/business/business-news/how-150-jobs-were-saved-13119044 And this is why Gateshead is staying open.
How much longer do the investors tolerate the lack of revenue and stomach the string of quarterly losses before Presidents, VP's and C's start losing their jobs?
Not too much management can do when the entire industry is going through a massive downturn. Actually there is, you cut costs by laying off people and closing facilities. The investors will know that.
So what's the status on NOVOS? I see that they are hiring in NOV Norway.
RS Sales Layoffs Coming Soon (June 5th) to NOV Tower... fleet care and capital sales specifically. Turns out we poorly executed it (surprise, surprise) and therefore the customers aren't having it. Move onto the next great idea...
More redundancies to come in the UK and Scotland. You could be next
Is it only, bitter, former employees who visit this site, in a sort of morbid hope that their decision to leave / forced layoff from the firm has been in some way vindicated by the ongoing demise of NOV?
What was offered to employees in a retirement package at the start of the down turn in oil prices in late 2015.
Field service specialist. 3 from Parkwood. Don't know how many FSS. Heard of 1 PLE from the World Houston facility
National Oilwell Varco, Inc. (NOV) today reported a first quarter 2017 net loss of $122 million, Revenues for the first quarter of 2017 were $1.74 billion, an increase of three percent compared to the fourth quarter of 2016 Numbers show improvements... read more
Ex-Nat'l Oilwell Varco Execs Accused Of $1M Fraud Scheme Law360, Houston (May 23, 2016, 3:03 PM ET) -- National Oilwell Varco LP accused four fired executives Friday of perpetrating a $1 million scheme whereby the drilling components provider rented... read more
Today we lost another good guy to all this managment stuff which is detrimental to DDS. Please god wake up and stop this lebo mafia.
A few comments from Steven Kopits of Princeton Energy Advisors LLC on Apr 13, 2017: Total US oil rigs were up 11 to 673 US horizontal oil rigs added 11 to 572 The US horizontal oil rig count is now within three weeks of the entire number necessary to... read more
66 people getting paid off 👍🏼
This week the NOV bigwigs will arrive in Aberdeen to begin the restructure of the UK\EUROPE operations. They hope this will all be complete by the end of the month.
Heard from reliable source. End of May is End of Eldridge!!! Complete Plant ShutDown.
look like work started to come in. Are they still doing layoff? If so, when?