Dozens of workers at Lufkin Industries, part of GE Oil and Gas, will be let go this summer.
facility in Lufkin, Texas (Lufkin is 120 miles northeast of Houston) announced that the facility would be closing, resulting in 78 layoffs. The layoffs will begin June 29 and continue through July 13.
“The downturn in the oil and gas industry has forced us to review our operations to determine how we can best stay competitive and meet the needs of our customers, changes that are critical to our future success even as we emerge from this volatile environment,” GE said in an emailed statement to Rigzone. “After careful consideration and evaluation, we have made the difficult decision to stop production at our Buck Creek Rod Lift Systems site in Lufkin, Texas.”
GE spokesperson Stephanie Cathcart said the company will transition some Rod Lift employees to another worksite in Lufkin.
Although the facility closure is permanent, Buck Creek is a union plant and some workers have bumping rights (senior employee can take a less senior employee’s job). Affected employees will be paid benefits and severance.