U.S. Markets open in 5 hrs 9 mins

Drilling products company anticipates Houston job cuts due to NOV acquisition

Olivia Pulsinelli
American City Business Journals

Around 150 Texas jobs at Vallourec Drilling Products USA Inc. could be cut in the near future. The company warned the Texas Workforce Commission last month that job cuts are anticipated due to a deal with Houston-based National Oilwell Varco (NOV) that’s supposed to close on or around March 30. NOV declined to comment to the Houston Business Journal about Vallourec’s Worker Adjustment and Retraining Notification Act letter.