Does anybody know what yards Baker is planning on closing?
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What about Laredo and Alice? Have they closed? Will personnel be allowed to transfer to the yards still in operation or will they be terminated?
Baker Hughes bombed on owning a complex business. They are now stuck wondering what to do with their 5.5 billion dollar widget. They will keep West Virgina and the Odessa, San Antonio and Midland yard only. Martin Craighead did say that they have to earn their way to play. Now let another product line step up to be the whipping boy of Baker. Tools or bits, any takers? Hopefully with the new structure we will see some managers take responsibility and have some balls to take some chances to allow this company to grow. We are third behind Halliburton and SLB for a reason and it is because we don't take chances.