Davis oil robotics firm cuts staff
Schilling Robotics, a Davis maker of robotics equipment for undersea oil exploration, has laid off workers in Davis and elsewhere because of low oil prices.
A subsidiary of FMC Technologies Inc. of Houston, the company laid off 59 workers, or about 15 percent of its total global workforce, said Schilling spokeswoman Meagan Douglas.
She wouldn’t give precise numbers but said the bulk of the layoffs were in Davis and Houston.
Douglas said the steep decline in crude oil prices has led to a drop in demand for Schilling’s products.
“That’s the unfortunate side of a cyclical market,” she said.
Dale Kasler: (916) 321-1066, @dakasler
This story was originally published May 21, 2015 at 4:24 PM with the headline "Davis oil robotics firm cuts staff."