Its expected that there will be layoffs coming soon to Ardmore and sugarland location, machinists, engineers, and office employees. Since were getting close to the 3rd qt. Reduction of jobs and alot of other customers canceling orders. What will happen by the end of the year. No one is safe now a days. Lets just hope we can last at Slb
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Whiting cut 33% of staff Halliburton cut 8% of north American staff...all company quarterly reports are on a negative note towards U.S. spending and more positive on international spending. Things are going to get a lot worse before it gets better. These companies are getting lean for a reason.
Doesn't take a crystal ball to see that coming. Same downturn happened last year near this time.