Thread regarding National Oilwell Varco Inc. layoffs

Closure or divestiture

Draw your own conclusions:
https://www.bizjournals.com/houston/news/2019/07/30/nov-expands-cost-reduction-efforts-could-make.html

“We are also currently reviewing certain products or businesses that are not earning an acceptable return for possible closure or divestiture,” Clay Williams said.

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Post ID: @OP+10jLUq98

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Sell me coil or wireline or both, it would be the most profitable business after 12 calendar months
I am
Prepared to pay 250million rupees and 4 Annas

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Post ID: @3mlh+10jLUq98

So Well Site Services pulled the company down. Maybe it’s time for a change in upper management, middle management and district managers. To much of a buddy system going on especially in the solids control division. Time for change.

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Post ID: @1hxc+10jLUq98

With the 10% drop in oil prices today It won't be long before they close the whole company. Cheap oil is great for 99% of the population so the oil layoffs are well worth it. Makin Merica great again. Lulz

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Post ID: @1ziz+10jLUq98

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