The oil providers big will reduce 1 / 4 of its workforce. – Pat Sullivan / AP / SIPA
Oil providers big Schlumberger, which posted a brand new web lack of $ 3.43 billion within the second quarter, plans to chop 21,000 jobs, or 1 / 4 of its workforce, the group stated on Friday in its quarterly earnings launch .
After a primary quarter within the pink, linked to the disaster within the oil sector in opposition to the backdrop of Covid-19, the multinational primarily based in Houston (Texas) publicizes prices together with specifically compensation of 1 billion {dollars}, “linked to a discount of workforce of greater than 21,000 staff ”.
“The most difficult quarter of the last decades”
“This was probably the most difficult quarter in recent decades,” commented CEO Olivier Le Peuch, quoted within the press launch, noting specifically “an unprecedented drop in North American activity” of the group and the decline in worldwide exercise accentuated by the impression of the coronavirus epidemic.
Schlumberger at the moment employs 85,000 individuals in 120 completely different nations.