Vallourec to Reduce North American Workforce

BOULOGNE-BILLANCOURT, France – In a statement released Monday, Vallourec announced its plan to reduce its workforce in North America in response to the "unforeseen, sudden and significant drop of activity confirmed by its oil and gas customers." The reduction affects more than a third, or more than 900, of its total workforce and contractor positions across all plants and support functions in North America, the company stated. In the coming weeks, the company will implement the reduction fo

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