A maker of power cords for oil-pumping equipment is the latest manufacturer in Lawrence to cut payroll amid the economic downturn.
A recent layoff at Schlumberger Ltd.’s plant at 2400 Packer Road affected “fewer than 15 positions,” said Stephen Harris, a spokesman for the Houston-based oilfield services company.
“Falling investment in oil and gas exploration and production has led to decreased drilling activity worldwide, with less (consequent) demand for oilfield services,” Harris said Thursday. “In this environment, Schlumberger has had to reduce the size of our workforce in Lawrence to match the lower activity.
“The decision to reduce headcount was the last to be considered following several other steps to manage the downturn — from reducing or eliminating overtime, adjusting recruiting targets to releasing non-essential contractors, among others. We will continue to review our position as market needs develop.”
The plant, formerly known as Lawrence Technology, produces ESP cables. The cables are heavy-duty power cords used to carry electricity to motors that drive pumps in oil wells.
Before the layoff, the plant had about 160 employees, according to the Lawrence Chamber of Commerce. Schlumberger has more than 82,000 employees worldwide.
Other manufacturers in Lawrence have announced layoffs this year, including Amarr Garage Doors, Hallmark Cards and Lawrence Paper Co.