Replies to post #340 on National Oilwell Varco, Inc (NOV)

[Timothy Smith]

National Oilwell Varco (NYSE:NOV) says it will cut 1,500 jobs from its Norwegian workforce, or a bit less than a third of its staff there, by the end of this year as low oil prices have led to reduced spending by oil companies and lower sales of new equipment; 900 permanent jobs and 600 contract workers will be cut.