Schlumberger CEO: Further Layoffs Likely
24 March 2009 - 1:58AM
Dow Jones News
Schlumberger Ltd. (SLB) Chief Executive Andrew Gould said Monday
that a further round of layoffs is likely at the oil services firm
due to low energy prices.
"We have already announced a headcount reduction of 5%, which
will largely be completed by the end of the first quarter, and a
further reduction of a similar amount is likely over the coming
months," he said in a speech at the Howard Weil annual energy
conference.
-By Jason Womack, Dow Jones Newswires; 1-713-547-9201;
jason.womack@dowjones.com