February 9, 2015
Baker Hughes layoff hits home for Mineral Wells with 110 jobs lost
The Baker Hughes Inc. layoffs have hit North Texas as the Houston-based oilfield service company has cut 110 jobs in Mineral Wells.
The announcement came from a Worker Adjustment and Retraining Notice letter released Monday. The layoffs were effective Feb. 5.
Baker Hughes (NYSE: BHI) will layoff 7,000 workers worldwide as it deals with slumping oil prices and completes its $35 billion acquisition of Houston-based Halliburton Co. (NYSE: HAL).
These companies employ the workers who man the drilling…