Schlumberger eyes job cuts beyond North America

SAN FRANCISCO (Reuters) – Schlumberger Ltd (SLB.N), the world’s largest oilfield services provider, plans to shed 5 percent of its North American workforce, or 1,000 jobs, and is looking at cuts elsewhere, a spokesman said on Thursday.

“We do anticipate reductions in jobs worldwide, but it’s too early to say,” said Stephen Harris, a spokesman for Schlumberger, which has 84,000 workers in about 80 countries.

Harris said the reductions had already started in North America, where the industry faces a particularly sharp downturn in drilling activity.

Reuters