Halliburton swings axe

World’s second largest provider of oilfield services, Halliburton, has confirmed workforce reductions in Duncan, Canada citing current business conditions. 

In an e-mail to sent to Offshore Energy Today, Halliburton spokesperson said: “Halliburton will continue to monitor the business environment and will adjust the size of our workforce to align with current business demands as needed.”

As for the number of employees that will be affected, the spokesperson said: “Details of specific businesses and the number of employees is competitive information and therefore unavailable.”

In February this year Halliburton announced its plans to lay off up to 6400 of its employees due to a dramatic fall in oil prices. It is unclear whether layoffs in Duncan are a part of Halliburton’s February plan or if this is a new cost-cutting effort.

Halliburton has a workforce of more that 70,000 employees, representing 140 nationalities in over 80 countries.

Offshore Energy Today Staff