Items Tagged with 'nov'

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NOV Lays Off 6,000 More People, Closes 200 Facilities as Revenues Decline in All Four Businesses

National Oilwell Varco Inc., which designs and manufactures equipment and components used in oil and natural gas drilling, laid off 6,000 more people in the first quarter and has closed or is in the process of closing 200 facilities worldwide, painful reductions to allow the Houston operator to "maintain its investment for the future," CEO Clay Williams said Thursday. Read More