Oilfield service company Baker Hughes Inc. will lay off 110 workers from a North Texas plant as part of Baker Hughes’ companywide effort to reduce its cost structure.
Last week, the company informed the Texas Workforce Commission it would lay off workers from its facility in Mineral Wells, Texas.
Baker Hughes must reduce its cost structure across the board to maintain its competitive edge in the challenging business environment, Baker Hughes spokesperson Melanie Kania told Rigzone in an email statement.
“The company is making every effort to minimize workforce reductions, and therefore is making the difficult decision to close or consolidate facilities in certain areas,” said Kania. Employees at these locations may be eligible for redeployment.
Baker Hughes will remain focused on its customers as it takes the difficult and necessary steps to reduce costs, and has plans in place to ensure it maintains high quality service levels, Kania noted.
Last month, Baker Hughes and Halliburton said they would lay off thousdands of workers as drilling activity continues to slow due to low oil prices.
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