Home / Tag Archives: job layoffs (page 2)

Tag Archives: job layoffs

Garden City tank manufacturing plant cuts 80 jobs

job cuts

GARDEN CITY, Kan. — A pressurized tank manufacturing company in Garden City is laying off 80 workers because of lower oil prices. The layoffs at Palmer Manufacturing and Tank, a subsidiary of Ohio-based Worthington Industries, are part of 245 jobs the company is eliminating in three states. The company also is closing a plant in Florence, South Carolina. Spokeswoman Cathy ...

Read More »

Quicksilver Resources files for Chapter 11 bankruptcy

FORT WORTH – Quicksilver Resources, weighed down by billions of dollars in debt and vexed by perennially-low natural gas prices, filed for bankruptcy protection on Tuesday. The Fort Worth-based company made a big move into the Barnett Shale and other shale natural gas fields across the country and in Canada in the last decade, and then struggled with a big ...

Read More »

About 1,000 laid off by Husky oil sands contractor, union says

CALGARY, Alberta – About 1,000 construction workers employed by a contractor at Husky Energy Inc’s Sunrise oil sands project were laid off unexpectedly on Wednesday, a union official confirmed. Izzy Huygen, a Fort McMurray, Alberta, representative of the Christian Labor Association of Canada, said many of the workers had expected their jobs to last until summer but were informed of ...

Read More »

Odessa oilfield pipe company lays off 78

Houston-based TMK IPSCO plans to lay off 78 workers at its oilfield equipment plant in Odessa in May, according to notice from the company to state regulators released on Monday. The plant threads pipe used in the drilling side of oil and gas activity, meaning the drop in the Permian Basin’s rig count immediately impacted the company, said spokesman Roger ...

Read More »

Coke-making operations closing down in Gary

"sorry we're closed" sign

United States Steel Corp. announced to the United Steelworkers Union its plans to officially close down the coke-making operations at its Gary Works Facility in Gary, Indiana. Spokesperson Sarah Cassella said the closure is planned to happen on or after May 13th and will affect 300 employees.  Cassella explained how the closure is a strategic decision based upon the current ...

Read More »

Archer to cut nearly 1,000 jobs

Oilfield service company Archer Ltd. announced in its fourth-quarter and year-end earnings report that it will be cutting nearly 1,000 employees despite reporting a fourth-quarter revenue increase of 15 percent year over year. Archer, a Bermuda-based company, conducts its U.S. operations in Houston. The 1,000 employees being cut account for 11 percent of Archer’s workforce. Archer employed about 8,800 people ...

Read More »

PostRock Energy Corp. announces layoffs in Oklahoma City

jobs or job concept with business folder in office showing earnings concept

OKLAHOMA CITY — For the third time in a week, an Oklahoma City energy company has announced layoffs because of low oil prices. The Oklahoman reports that PostRock Energy Corp. said Thursday it is reducing staff at its headquarters by about 25 percent from 2014 levels and will cut expenses to reduce operating costs by nearly $4 million a year. The ...

Read More »

Ohio pipeline manufacturer is temporarily closing its doors

"sorry we're closed" sign

Vallourec Star, an Ohio manufacturer that is closely bound to the oil and gas industry, announced it will be shutting down operations for three weeks and offering a six month voluntary layoff to its workers. In mid-February, Vallourec’s Youngstown plant will be discontinuing operations, which will affect 700 employees.  Vallourec has already adjusted production schedules, lowered prices with suppliers and ...

Read More »

Lariat cuts 265 Permian workers

Driller Lariat Services laid off 265 people in the Permian Basin as it closes its divisional office, company officials confirmed Thursday, representing another sign of the downturn’s impact on jobs amid low oil prices. “We’ve already got rid of them,” said Manuel Molinar, the Odessa-based operations manager of pulling unit services in the Permian Basin, saying the layoff notices given ...

Read More »

Pipeline companies weather downturn in prices of natural-gas, oil

pipeline

Depressed natural gas prices are causing challenges for the energy industry, but analysts say pipeline builders in Western Pennsylvania are largely shielded from the fallout that has resulted in spending cuts by companies that drill and produce gas. “Pipelines are kind of like owning a toll booth on a highway — once you build them, you’re going to get guaranteed ...

Read More »