Fluor Cuts 500 Job After Part Of Overseas Project Canceled
09 October 2009 - 4:44AM
Dow Jones News
Fluor Corp. (FLR), an engineering and construction company that
works in the oil and gas sector, has eliminated 500 jobs after a
client canceled a portion of an overseas project, a company
spokesman said Thursday.
The Irving, Texas based company eliminated the positions at its
Sugar Land, Texas office. "A number of different engineering
disciplines were affected," said company spokesman Keith
Stephens.
Some employees may be reassigned to other parts of the company,
Stephens said.
About 3,000 people work at the Sugar Land office and 42,000 work
for the company worldwide.
Stephens declined to give more specifics about the client and
the project. The global economic slowdown has led to a decline in
the demand for oil and gas, consequently many new project have been
slowed or canceled.
-By Susan Daker, Dow Jones Newswires; (713) 547-9208;
susan.daker@dowjones.com