Thread regarding National Oilwell Varco Inc. layoffs

Hiring means nothing at NOV, they change their minds to suit the results and leadership moods so not a guarantee of staying open at all

HAPPY DAYS !!!!! Enjoy minimum wage !!!!!

Early 2022 1st qtr latest for Greengate

Taking stock of assets for one or two reasons.

1. Sell off
2. There is a case against NOV in the US where the business is not logging their assets. Which is illegal in Company Law.

Either way. NOV are pulling out of the UK. due to economic pressures within the UK

MUST READ GREENGATE. THE BELOW.

NOT too long ago a job application was closed for a “Low-Cost Sourcing Manager (Gateshead) CLOSING DATE 28 OCTOBER 2021”

NOV ISE Manufacturing & Supply Chain supports the requirements of the Wireline & Flowline, Pressure Performance & Cementing, and Coiled Tubing and Nitrogen Pumping groups. NOV ISE is a subsidiary company of National Oilwell Varco Int. (NOV) with a global footprint in support of our client’s requirements. The ‘Low-Cost Sourcing Manager ’, will continue to develop low-cost supply chains to service NOV ISE with an overall objective of making a material positive impact on EBITDA. This role will involve approximately 30-40% international travel where permitted.
DUTIES & RESPONSIBILITIES

• Continue to develop ISE’s low-cost supply chain to support the ISE product portfolio
• Continue to develop a low-cost supply chain strategy to improve working capital to include supplier call off agreements and consignment stock.
• Lead the business on any outsourcing or major re-sourcing activities
• Provide support to Engineering for product changes and new product introductions related to low-cost supply routes.
• Work closely with the Quality department to ensure supplier quality requirements are met for Low cost supplied product.
• Implement a low-cost product introduction process (PFTO & FTO).
• Assist the ISE Procurement teams to take over low-cost supply routes once products have been signed off as low-cost supply.
• Analysis of existing sourced and manufacturing routes vs potential Low-cost routes.
• Provide value and impact analysis of proposed changes to each NOV ISE business.
• Development of Low-cost vendors to improve on time delivery and or product/service quality.
• Provide monthly reporting on group Low-cost spend and savings.
• Estimate Project timelines for Low-cost initiatives, staffing requirements, and related costs to provide information for management decisions.

QUALIFICATIONS:

• Bachelor's degree in operations related discipline or equivalent experience. (essential)
• Secondary Qualification in Business Operations or related discipline (desirable)

EXPERIENCE:

• Proven e xperience within outsourcing. (essential)
• Good Knowledge of Anson Products (essential)
• Proven experience of identifying & implementing cost reduction strategies (essential)
• Ability to deliver projects within budget and time constraints (essential)
• Knowledge of Prince II methodologies (desirable)
• Working knowledge of Manufacturing Engineering environments. (desirable)
• Good understanding of operating strategy, P&L tracking and financial management (desirable)

SKILLS, TRAINING, SPECIALIST KNOWLEDGE:

• Demonstrable ability to drive projects through task allocation and influencing skills. (essential)
• Thorough understanding of financial manufacturing operations surrounding order scheduling to include margin analysis and cost of goods sold. (essential)
• Able to provide clear and structured methodologies making things simple for others to understand and replicate (essential)
• Six Sigma Black Belt. (desirable)

It’s time to move on everyone good luck to all

Looks like the paintshop couldn't save our bacon. To busy in wilscums pants.

Next stop Greengate, plenty of similarities there with the same management style, shut the place down and get it over with

To the genuine hard working men on the floor I send my sympathy yet when your inspection and management departments are littered with unqualified sub standard men then i find enjoyment ,it’ll be Interesting to see where they’ll end up ,luckily for them the minimum wage is going up .40 k automobiles back to the finance companies filled with tears .Cream rises to the top and no sympathy to the dim witted utter useless backward imbeciles ….. see you in greggs !

It's was said that they didn't want to give the lads on the shop floor a rise and the wankers in the offices wanted it instead

What about going forward are We still all going to get free pies?

Could somebody please explain is the 8% pay rise still on the cards or not?

Posted Anonymously on another thread

This is strictly a business fundamental issue. NOV is not due the same amount of money that Big Oil is making. Big Oil and Drilling Contractors are utilizing existing wells and equipment to make money. NOV doesn't have services to augment their revenue and their only way of getting income is new equipment, equipment repair/service and parts sales. With a dearth of rigs stacked there is not a need for a new equipment.

Their business model was developed and reinforced during the 2000's with a bo-m in rig building. Schlumberger wisely went from primarily a service company to augmenting their business with their own equipment. NOV never joined in the services world. They also never embraced a "green energy" plan and then to make things worse had 3 to 5 to 7 facilities world wide doing the exact same thing. They are now making an effort lower costs although way too late.

There are essentially two reason for NOV losing money while O&G companies are profiting, #1, their business model is obsolete today (maybe not tomorrow) but for now it is a dinosaur and #2 their C-Suite has been incompetent for a decade and put in place a business unable to be profitable.

Oh no…. I worked at ansons 20 year ago…. Is it closing ? It was a fab company then.

The meeting we had today. That's the proof

Its all coming to greengate.

Proof?

No wonder with the id--ts that were left in charge 🤔