Danish oil service company fires every tenth worker

The Danish part of the US oil service company NOV, previously NKT Flexibles, has fired almost every tenth employee. The reason is the decline of the oil price and 73 people in total have been laid off.

The oil service company NOV Flexibles, with Danish headquarters in the city of Brøndby, has fired almost 10 percent of its workers. According to the company, which is the former NKT Flexibles, the layoffs are due to the decline in the oil price over the past year.

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