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Baker hughes layoffs surged to 13000 people
Source: | Author:woodwell | Published time: 2015-07-30 | 1327 Views | Share:
It is reported that American oil giant, baker hughes said recently, due to low oil prices downturn in the market activities since the start of the year, baker hughes has already laid off 13000 employees; By the end of June, total number of employees has been in the year of 62000 to 49000.

It is reported that American oil giant, baker hughes said recently, due to low oil prices downturn in the market activities since the start of the year, baker hughes has already laid off 13000 employees; By the end of June, total number of employees has been in the year of 62000 to 49000.

Baker hughes had plans to lay off 3500 employees, however, in April this year, baker hughes declared, will increase to 10500 jobs. Even so, the total number of employees currently firing is still more than announced in April 2500.

Earlier this month, baker hughes released second-quarter results. In the second quarter of this year, baker hughes losses of $190 million, and the baker hughes profit over the same period of last year to $359 million. In the same period, baker hughes business income fell by a third, $5.94 billion over the same period last year dropped to $3.97 billion; Operating cost decreased, from $5.3 billion to $4.11 billion. In addition, baker hughes, said the second quarter layoff severance payments of up to $76 million.

Baker hughes is not only a further job cuts oil service company. American oil company Halliburton said recently that has laid off 16% of the global staff this year, this ratio than 8% doubled at the beginning of the plan. In the second quarter, Halliburton related to job cuts severance pay up to $78 million. So far, Halliburton has paid $212 million in severance pay this year.

Is specialized (focus) on Manufacturing & Developing the Technology of Welding & Cutting industrials.

Along with the China/ Asia shipbuilding industrial developing, Wood Well Limited start to touch the shipbuilding associated biz and products, looks like: BWMS, Cutting Tools, Welding Machine, Pipe, Power Cable,CBM…..

And the industrial field enlarge to: Mold Maker, automotive, Pressure Vessel, Chemical Energy….

In order to strength our ability, we invest and cooperate with some good potential China manufactory on “welding & cutting” from 2007 Year.

 

From 2010 Year, we cooperate with LG, Samsung to agent and sales on China market.

The beginning products is from the Recycle Chemical Resin: HDPE, LDPE, and LLDPE.

Now we have developing the more cooperate field with LG, Taita , Samsung….

 

On 2013 Year, we open the China Independent Corporation in China Shanghai:

Shanghai D&Z International Trading Co., Ltd.

And have the China Representative Office at Dalian, Zhuhai,

And the same year we set the Indonesia Representative Office in Surabaya.

It is enlarge out biz scope from Asia to East-Asia.

 

On 2014 Year, we register the “GSC” Brand for production the welding & cutting materials.

It is widely apply on the industrial fields.

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And we set the Japan Representative Office in Tokyo on 2014 Year.

It is help us upgrade our quality and service standard, and have the chance to cooperate with Japan famous company: Kyocera, Toshiba, Asahi….

 

On 2015 Year, we set the Brazil Representative Office in San Paulo.

The 2016 Rio de Janeiro Olympic Games will be hold son, we hope our products and service could win this market.

 

During the last 14 years developing, and all the Wood Well Staff hard working, now we have the 3 main division with 7 Section.

 

 

 

 

DIVISION

SECTION

BIZ MODE

Manufactory Industrial

Shipbuilding

Invest & Cooperation
Develop the Association Manufactory

Welding & Cutting

Machinery

Medical Device

 

 

 

Chemical Industrial

Chemical Resin

Cooperate & Agent

Recycle Resin

 

 

 

Energy Industrial

Photovoltaic

Cooperate & Agent

 

 

In order to continue to be an essential company for our customers and society as a whole, we value CSR activities and work to employ sound business practices. We want to contribute as much as we can to achieving a bright, prosperous future for all those that support us.

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