FairfieldNodal Cuts Jobs in Industry Slump
Experiencing a slowdown brought on by the recent oil and gas industry downturn and resulting difficult economic environment for the seismic industry, FairfieldNodal has announced strategic decisions aiming to ensure its continued strength and integrity, included a reduction in workforce.
In response to the particularly extreme challenges its land seismic equipment customers are experiencing, FairfieldNodal said it plans to significantly scale back its land equipment sales and marketing division there until recovery resumes.
“We’re leaner now, but we have the most highly qualified professionals leading each of our three divisions,” maintained FairfieldNodal President and Chief Executive Officer Charles (Chuck) Davison.
Davison described FairfieldNodal’s financial position as enviably strong, and feels the position has been further strengthened by the difficult, but necessary, moves.
“We see 2016 as a period of great opportunity for improvement,” Davison said. “We are focused on improving every aspect of our value proposition. That includes more efficient processes, more employee training and more innovation.”
