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Tag Archives: job layoffs

U.S. Steel may lay off 2,000 workers in Illinois

U.S. Steel, the industrial titan that built Gary as a company town and still remains one of Northwest Indiana’s largest employers, continues to shrink as it struggles with an unprecedented import crisis. The Pittsburgh-based steelmaker just warned 2,000 workers in downstate Illinois they could be laid off. U.S. Steel, which is a Fortune 200 company with an annual steelmaking capacity ...

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Drop in oil prices pushes down gasoline in Pittsburgh area

Pittsburgh-area motorists continued to enjoy the fall of crude oil prices this morning, as a gallon of gasoline averaged about $2.82 across stations southwestern Pennsylvania, according to price-tracking website GasBuddy.com. That’s a decline of nearly 5 cents a gallon in the last week and about 14 cents a gallon in last month. Gasoline prices now sit about 89 cents a ...

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Deep Well Services president discusses recruiting, hiring in downturn

As large oil and gas contractors cut their workforce in response to producers slashing drilling budgets, Deep Well Services in Zelienople is quietly adding workers and equipment. The company uses specialized rigs called snubbing units that prepare shale wells for production after fracking. That specialization and several new rigs in its fleet help give Deep Well an advantage during a ...

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More coal layoffs announced at Murray, Alpha

job cuts

Hundreds more West Virginia miners were told Friday that they were being laid off, in the latest blow to the already deeply troubled Appalachian coal industry. Alpha Natural Resources issued a statement announcing the “expected idling” of subsidiary Rockspring Development’s Camp Creek underground mine and processing plant in Wayne County and had given layoff notices to 439 employees at that ...

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Frank’s International confirms layoffs in Lafayette

Frank's International

LAFAYETTE, La. — Frank’s International is laying off 150 of its employees in Lafayette, part of the company’s global effort to trim its workforce by 400 to 600 workers. According to local media reports, the layoffs are coming at the company’s Lafayette complex near U.S. Highway 90. Employees were informed Tuesday. Frank’s announced March 31 it would pare its employee ...

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If the White Brothers can do it, so can you

Sponsored Article The past months have been rough for the oil and gas industry—oil prices dropping drastically, companies laying off thousands of employees, rig stacking becoming a much too common practice, companies slashing budgets and spending, and companies closing down facilities and operations.  Although it seems like there is no end to this downward spiral, there is hope for some. ...

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Noble Energy to lay off 20 in Greeley, 80 in Denver

Noble Energy

Big changes are afoot today for Noble Energy. The oil and gas company, one of the top two drillers in Weld County, has planned 220 layoffs in its U.S. operations, only 20 of which will come out of the Greeley headquarters, according to Steve Silvers, company spokesman. About 80 of the layoffs will be from the company’s Denver office. The ...

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2 manufacturers announce layoffs at Lafayette plants

LAFAYETTE, Ind. — Two manufacturing companies have announced layoffs at their respective facilities in Lafayette. WLFI-TV reported Thursday that both Caterpillar, Inc. and Oerlikon Fairfield are reducing their staff. Caterpillar, Inc. confirmed its plans to lay off 50 full-time production employees and about 200 agency workers at its Lafayette plant by June. Employees were notified of the layoffs Wednesday. The construction ...

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Noble Energy, Delek to lay off dozens in Israel

Noble Energy

Noble Energy Inc. (NYSE: NBL) and Delek Group Ltd. (TASE: DLEKG) subsidiaries Delek Drilling Limited Partnership (TASE: DEDR.L) and Avner Oil and Gas LP (TASE: AVNR.L) are expected to lay off dozens of Israeli employees after the Passover holiday, sources inform “Globes.” The layoffs follow the lack of progress in the Israeli gas industry, especially the delay in development of ...

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Hercules Offshore may lose its NASDAQ listing

On top of an ongoing torrent of struggles for Hercules Offshore Inc. (NASDAQ:HERO), it appears that there might not be a bright spot on the horizon for the company any time soon. Hercules revealed that it received a delisting notice last week.  As of March 25, the company’s stock price has fallen below $1 per share for 30 consecutive days, ...

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