Category: Schlumberger

Will Schlumberger Freeze its Pension?

Schlumberger, along with most other oil companies, is in the process of trying to cut costs to help deal with the economic downturn brought on by the Coronavirus.  The pandemic hurt the entire economy, but it came down on the oil & gas industry especially hard. Chevron has chosen to conduct layoffs to try and

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Will Schlumberger End 401(k) Matching?

There has been a consistent economic trend which shows that when a recession hits corporations will decrease or suspend benefits. We witnessed this in the 2001 recession when General Motors, Charles Schwab, Goodyear Tire & Rubber, & Ford all decreased or suspended their company match programs. The same happened in 2008, with Forbes reporting that

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