Oil Jobs to be Cut by GE in Lufkin, Texas

Texas Mutual

With the plunge in global oil prices expected to continue and a crude oil oversupply in the U.S., companies including General Electric (GE), the industrial conglomerate, are being forced to take drastic measures within sectors of their portfolios. GE will be closing Lufkin Industries and tacking on another 262 job losses,…

Subscription Required

You must be a member to access this content.

View Subscriptions

Already a member? Log in here
Author Profile
3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

Related posts