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

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.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs