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Oil Field Services Sector Bleeding 150,000 Jobs


Industry Segment: Production | Word Count: 864 Words

GALWAY, IRELAND--August 26, 2020--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The oil field services (OFS) sector is bleeding jobs to the tune of 150,000 for this year due to the impact of COVID-19 with headcount across the 50 leading OFS operators expected to be the lowest in more than a decade.

Within this article: Details massive job losses in OFS sector, reduced earnings per employee, hardest hit companies

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