Tag Archives: job cuts

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.

Enbridge Energy Partners LP to cut jobs – Houston Business Journal

Houston-based Enbridge Energy Partners LP (NYSE: EEP) is the latest energy company to announce budgetary cuts due to dropping oil prices.In an effort to cut costs, Enbridge Energy Partners has cut jobs in its domestic gas pipelines and processing business unit, according to the Houston Chronicle. Less than 100 jobs were cut. The company’s adjusted operating income dropped $20 million in the third quarter over last year due to reduced volumes of natural gas running through its pipelines as companies are slowly scaling back production.

via Enbridge Energy Partners LP to cut jobs – Houston Business Journal.