YOUNGSTOWN, Ohio (WKBN) – Vallourec Star issued a statement Monday about adjusting its operations amid falling oil and gas prices.
The company statement read as follows:
In response to the declining oil and gas market, Vallourec Star is developing alternative operating plans and schedules. These plans include flexibility in scheduling production, overtime and contractors. We are also working with suppliers and customers to closely monitor activity.
We’ve adapted successfully to similar downturns in the past. Preservation of our employees and maintaining a properly skilled workforce has always been and will continue to be a focal point in our strategy.
Our plans will evolve and adapt as market conditions change.
The company declined further comment.