La. O&Gs planning layoffs

Several Louisiana oil and gas industry businesses are expected to layoff at least 600 workers (or have already sent out pink slips) due to the economic downturn and a glut of oil caused by the coronavirus. Companies in Baton Rouge, Bossier City, Broussard, and New Iberia have each filed a layoff notification with the Louisiana Workforce Commission. The largest number of layoffs is for 350 workers in three pipe fabrication facilities in Port Allen run by Turner Industries of Baton Rouge. ASRC Energy Services Omega of New Iberia is closing its facility and laying off 180 starting in early June through August. Ensco Offshore Co., which recently changed its name to Valaris, is laying off an undisclosed number of workers at its Broussard office, who are assigned to work offshore in the Gulf of Mexico. It expects to begin layoffs May 30. Cactus Wellhead LLC of Bossier City, an oilfield services business, began laying off 42 workers April 1. The company laid off about 30% of its North American workforce at the same time. (Source: The Advocate 04/28/20) https://www.theadvocate.com/acadiana/news/coronavirus/article_56c0e8ae-897c-11ea-b722-27fe90a6f764.html.