Q1 misses. Reduction in force target increased to 10,000, to be completed in Q2

"We have now increased our 2015 reduction in force exercise to target 10,000 positions, in place of the previously announced 8,000, with the bulk of the increase coming in North America. "

"We had also planned to shut down seven of our manufacturing facilities during the year. Of these, two were closed in the first quarter with four more planned for the second quarter and the seventh being targeted for closure in the third quarter. Separately, we plan to shut down and consolidate 60 operating facilities across North America by the end of the year."

Comment! It's anonymous!

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I agree with Anonymous93907 but for those that refuse to believe without proof here you go...... http://petroglobalnews.com/2015/04/weatherford-plans-10000-layoffs-closing-60-facilities/

Here we go again. With people asking the same old stupid questions. "How do you know" "where you get this information". JUST LOOK AROUND AND GET YOUR HEAD OUTTA YOUR ARSE!!! There is your answer!!! Now does that make you feel any better? Be prepared.

Where did you get this information from?

Huntsville on list for closure. The more you stay in denial the harder it will be when the time is upon us.

What plants?

And BDD sits back into his mansion while 2,000 more people and their families are left to try to pick up the pieces.

Conference call is tomorrow call in and tell them you are an analyst with Merrill Lynch or something else with a question. When you get your chance tell that french f***ing piece of shit what you think of his company leadership for all to hear!

still not really sure how this math works, but 2000 more layoffs isn't the end of the world. could have been a lot worse

by by oil country ventura its been fun !!!!

Thread regarding Weatherford International Ltd. layoffs

Q1 misses. Reduction in force target increased to 10,000, to be completed in Q2

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