Halliburton laying off at least 5,000 workers
NEW YORK — Oil and gas drilling services company Halliburton said Tuesday that it will lay off 6.5 percent to 8 percent of its staff, which represents 5,005 to 6,160 employees based on its total from the end of 2014.
The company said the cuts will come from all areas of its operations and that the moves are necessary because of the difficult market. Halliburton Co. also cut about 1,000 jobs from its Eastern hemisphere workforce in December. Halliburton said the moves are not related to its pending acquisition of competitor Baker Hughes Inc.
In January, Halliburton said 2015 will be a difficult year for its industry, saying its customers have cut their capital spending budgets by 25 or 30 percent in response to lower oil prices.
Halliburton competitor Schlumberger Ltd. said in January that it would eliminate 9,000 jobs, representing about 7.3 percent of Schlumberger’s staff.
Also last month, Halliburton takeover target Baker Hughes said it would lay off about 7,000 workers, about an 11 percent cut to the 62,000-plus workers it employs worldwide.
Tires to be recycled for chemical products
NATCHEZ, Miss . — A tire recycling company will invest $45 million to set up a 91-employee plant in Natchez.
Delta-Energy Group LLC will produce a carbon black product and fuel oils from scrap tires, selling the carbon black to plastics makers and the oil to chemical makers.
The company will set up operations at the site of the former International Paper plant. The Mississippi Development Authority will give the company $600,000 to help rebuild a rail spur.
It will be the first large-scale plant for Delta-Energy, which is owned by R.J. Lee Group, an industrial laboratory based in Monroeville, Pennsylvania, that developed the recycling technology.
International Paper closed its Natchez mill in 2003, laying off 640 workers.
Fifth workers village proposed in Cameron
HACKBERRY — A fifth workers village is being proposed in Cameron Parish — a $70 million facility with 2,500 beds in Hackberry.
Sammy Pate, project manager at Greenfield Logistical Solutions of Louisiana, is proposing what he calls “a full-on workers village” on a 170-acre site on La. 27. It’s the same company that began construction on temporary employee villages in Lake Charles and Vinton.
A fourth employee village by another company — First Flight Holdings — was approved in June. And more recently, Rosie’s Place was initiated to create a community for transient female workers in the petrochemical industry. Similar to the concept behind the area’s “man camps,” Rosie’s Place will provide housing, transportation and other amenities to a smaller segment of the transient worker population.