FMC
Technologies, a Houston-based supplier of production systems to the
international oil and gas industry, is the latest company in the sector
to announce job cuts.The company’s CEO has been quoted as saying that the company will reduce its workforce by 2000 people, looking to slash costs.
In its quarterly report yesterday, FMC Technologies reported fourth quarter 2014 revenue of $2.2 billion, up 5 percent from the prior-year quarter.
Despite the rise in revenue, the company was cautious about 2015 outlook. It said that because of the uncertainty in the North American land market, the company would not provide full year guidance.
Elsewhere in the oilfield services sector, Halliburton also announced today its plans to lay off up to 6400 workers due to a dramatic fall in oil prices.
Source: www.offshoreenergytoday.com