Chesterfield, Missouri-based Boomerang Tube, a producer of pipe and tubing producs for the oil and gas industry, has announced that it will be laying off 185 employees, including 50 salaried employees and 135 hourly workers, at its Liberty, Texas production facility.
The 500,000 square foot Liberty, Texas facility houses heat treat capability of 300,000 tons per year and two Electric Resistance Welding mills with 480,000 tons of annual capacity for ERW pipe. We offer full in-house finishing with two PMC and CNC thread lines along with a dedicated Semi-Premium thread line, and our high-speed hydrostatic testers keep up with mill speeds and assure quality. The Liberty facility also boasts two full length, full body phased array ultrasonic inspection units and advanced threading capabilities.
The company was majorly affected by the global downturn in oil and gas production and the pandemic-induced reduction in the use of petroleum products.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?