Schoeller -Bleckmann Oilfield Equipment

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
United States, Austria, United Kindgom
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
300 jobs
Number of planned job losses
Job loss
Announcement Date
19 August 2009
Employment effect (start)
1 January 2009
Foreseen end date
19 August 2009

Description

The Austria-based Schoeller-Bleckmann Oilfield Equipment has laid off about 300 employees worldwide since the beginning of 2009, most of them at its plants in the USA, Austria and the UK. Restructuring has become inevitable since oilwell drilling activities have decreased worldwide due to the current global crisis. As a consequence, the demand for oilfield equipment has shrunk likewise. This was reported by the newspaper Der Standard on 19 August 2009.

Sources

  • 19 August 2009: Der Standard

Citation

Eurofound (2009), Schoeller -Bleckmann Oilfield Equipment, Internal restructuring in World, factsheet number 69404, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69404.