Schlumberger to lay off 11,000

April 17, 2015 10:43 AM

52 0

Schlumberger to lay off 11,000

Staff reduced for oil services company by 15 percent.

The oil services company said it would cut another 11,000 from its workforce, bringing the total to 20,000 since trimming expenses earlier this year to offset lower oil prices. That represents about 15 percent of the company's staff.

Also read: UPDATE 8-AT&T agrees in principle to buy Time Warner for $85 bln -sources

Read more

To category page