Halliburton to cut 1,000 jobs (Video) – HBJ

Houston-based Halliburton Co. (NYSE: HAL) will cut about 1,000 jobs in the Eastern Hemisphere, effective immediately, the company confirmed.The cuts are unrelated to the company’s pending $35 billion acquisition of fellow Houston-based oilfield services company Baker Hughes Inc. (NYSE: BHI), according to Halliburton, and so far no cuts have occurred or are currently planned due to the proposed transaction.”The decision to eliminate jobs is never easy,” Halliburton spokeswoman Emily Mir said in an email statement. “Our talented workforce is the foundation of everything we accomplish, and we place the highest value on the commitment and hard work that our employees dedicate to building our company. Yet, we believe these job eliminations are necessary in order to work through this market environment.”

via Halliburton to cut 1,000 jobs in Eastern Hemisphere (Video) – Houston Business Journal.

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