Thread regarding Nabors Industries Ltd. layoffs

Nabors - Canrig Drilling Technology Cuts

Nabors' subsidiary Canrig let go of approximately 40 people today - and that's just the beginning of what the company has announced will be a 12% RIF (3600 people). Nabors is asking for voluntary resignations, encouraging early retirement, and warning of more layoffs and furloughs.

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It was started at the Willow Place facility today, and still going on as I type.

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Canrig is headquartered in Houston, but has offices all over - Canada, North Dakota, South Texas, etc. Workforce of approx. 1000.

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Where is Canrig located?

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Wow - I am with SLB, this is even more than I would ever expect from Nabors. Good luck to all.

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