Redundancies and litigation on the horizon for Schlumberger in Africa
The Houston-based oil services leader, which was founded nearly 100 years ago in France, has initiated a wave of job cuts affecting 21,000 employees, a quarter of its workforce. Schlumberger blames the effects of the Coronavirus crisis on the oil sector, with a barrel of oil now hovering around $40.
Someone shares this article with you
▪ Redundancies and litigation on the horizon for Schlumberger in Africa
▪ The Houston-based oil services leader, which was founded nearly 100 years ago in France, has initiated a wave of job cuts affecting 21,000 employees, a quarter of its workforce. Schlumberger blames the effects of the Coronavirus crisis on the oil sector, with a barrel of oil now hovering around $40.
▪ https://www.africabusinessplus.com/en/805459/redundancies-and-litigation-on-the-horizon-for-schlumberger-in-africa/
Schlumberger, whose business is dependent on
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Oil & Gas
27/01/2021 at 18h41, by Gaëlle Arenson, updated 28/01/2021
Libyan contracts lift Schlumberger 2020 year-end results
Olivier Le Peuch, CEO of the global oil services giant, is counting on the reorganisation of the divisions—effective...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.