Advertisement

Business

Business

Oil-field services firm eliminates positions as product demand falls

Fewer than 15 jobs cut, spokesman says

May 29, 2009

Advertisement

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 oil-field services,” Harris said Thursday. “In this environment, Schlumberger has had to reduce the size of our work force 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 nonessential 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.

Comments

Steve Jacob 4 years, 10 months ago

The experts thinks the rise is due to A) Improving economy and B) falling dollar due to the money we are printing.

0

lionheart72661 4 years, 10 months ago

Yes srj, The only thing I can figure is some CEO is getting ready to retire and needs his multi million dollar retirement pkg like the Mobile/Exxon CEO a couple years ago. Funny thing is analysts said gas would average $1.95 a gallon throughout the summer. Gas has risen almos .50 cents a gallon in less than 3 weeks. Bottom line...we're getting screwed again

0

justforfun 4 years, 10 months ago

interesting!! I counted more than 15 on the layoff list. By the way the new PC way of saying layoff is "group separation"

0

Steve Jacob 4 years, 10 months ago

Yet gas prices are going back up when we have high U.S. inventories. Even OPEC doesn't know why it's going up.

0

Commenting has been disabled for this item.