Jobs to decline at oil patches in 2015, firm says
Fewer workers are expected at Texas and North Dakota’s oil patches next year, according to an oil field lodging company.
Houston-based Clevo Corp. is cutting its workforce in the U.S. by 45 percent, the Houston Chronicle reports.
{mosads}The company is also cutting its Canadian jobs by 30 percent because it anticipates fewer workers in its “man camps” due to the steep drop in oil prices.
Spending will also be cut by 70 percent, according to the Chronicle. The spending cuts are expected to impact “well-site operations in the Bakken and Texas regions,” said CEO Bradley Dodson.
Clevo is also weighing whether it will need to close two U.S. locations.
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