Oil Industry – Schlumberger Lays Off 21,000 Employees Amid Challenging Environment

Written by Roberta Souza

Published on 29/07/2020 at 11:47

Reprodução. Fonte: Schlumberger

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In a Report Released by the Oil and Gas Service Provider, About One-Fifth of the Company’s Employees Were Laid Off

During the pandemic, the oil and gas industry suffered from the crisis, and Schlumberger experienced huge losses. After the so-called accident, the company was forced to lay off approximately 21,000 employees, after experiencing what it called the “most challenging quarter in decades.”

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In a report released in recent days, Schlumberger stated that it will pay more than US$ 1 billion in compensation to thousands of employees affected by this decision. The number of laid-off employees is approximately one-fifth of the company’s total workforce.

The company’s CEO, Olivier Le Peuch, said, “This was likely the most challenging quarter in decades.” Looking at the macro view in the short term, oil demand is slowly beginning to normalize and should improve as government measures support consumption. However, subsequent waves of a potential resurgence of COVID-19 represent a negative risk to this outlook.

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Oil Industry – Schlumberger Lays Off 21,000 Employees Amid Challenging Environment

In a Report Released by the Oil and Gas Service Provider, About One-Fifth of the Company’s Employees Were Laid Off

See Other News:

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Oil Industry – Schlumberger Lays Off 21,000 Employees Amid Challenging Environment

In a Report Released by the Oil and Gas Service Provider, About One-Fifth of the Company’s Employees Were Laid Off

See Other News:

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

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