Mass layoffs in the oil industry increase every day

Halliburton plans to axe 7,000 employees - seven times more than what the company announced just a few weeks ago. French Total is also preparing large-scale layoffs.
Photo: David Zalubowski/AP/POLFOTO
Photo: David Zalubowski/AP/POLFOTO
BY OLE ANDERSEN

The scope of mass layoffs among companies in the oil industry seems to grow bigger every day. Financial Times now reports that Halliburton is warning that upwards of 7,000 employees could be laid off - far more than the company announced just a few months ago.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading