Schlumberger said in April it would reduce activity in Venezuela, which accounted for less than 5% of the company's consolidated revenue last year, due to insufficient payments and no improvements on the horizon.
As a result, employees working on projects ranging from the oil-rich Maracaibo Lake to the Orinoco Belt are being laid off, workers and a union leader said, an ominous sign for Venezuela's slumping crude production and crumbling economy.
"They're
