Mineral Wells: Baker Hughes cutting 110 jobs

MINERAL WELLS, PALO PINTO COUNTY – Baker Hughes Inc. has announced closure of its plant at 525 Treadway Dr., resulting in 101 job cuts. The cuts were effective February 5, 2015.

Baker Hughes will lay off 7,000 workers worldwide as it deals with slumping oil prices and completes its $35 billion acquisition of Houston-based Halliburton Co.

These companies employ the workers who operate the drilling rigs and hydraulic fracking equipment so they are hit first when drilling declines.

Oil rigs have been falling by the hundreds in Texas.