Halliburton will increase its work force by 30 %
Halliburton plans to hire more than 13,000 new workers this year in the U.S. and elsewhere as it splits its headquarters between Houston and Dubai.
The oil service firm announcement this week that its chief executive officer, Dave Lesar, would lead the company from a new headquarters in the Arab Gulf's state raised an outcry among some in the United States.
A number of congressional Democrats in U.S. raised fears that the move would mean job cuts in and suspicions that Halliburton Co. was trying to avoid U.S. taxes. The firm says it will remain incorporated in Delaware and that the move would not affect its tax burden.
In a memo to U.S. employees on Tuesday, Chief Operating Officer Andy Lane said Halliburton was girding for an expansion and would increase its work force by nearly 30 percent this year.
Halliburton did not clarify where the other jobs would be created.
A number of congressional Democrats in U.S. raised fears that the move would mean job cuts in and suspicions that Halliburton Co. was trying to avoid U.S. taxes. The firm says it will remain incorporated in Delaware and that the move would not affect its tax burden.
In a memo to U.S. employees on Tuesday, Chief Operating Officer Andy Lane said Halliburton was girding for an expansion and would increase its work force by nearly 30 percent this year.
Halliburton did not clarify where the other jobs would be created.
Many were startled to hear Lesar's announcement Sunday that he would lead the company from a new headquarters in Dubai. Halliburton has been a lightning rod for criticism because of the more than $19 billion in U.S. military contracts awarded by the Pentagon to its KBR unit. Democrats in the U.S. Congress have claimed that KBR, formerly known as Kellogg, Brown and Root, benefited from ties to Vice President Dick Cheney, who once led Halliburton, and congressional Republicans.
Halliburton is now in the process of cutting all remaining ties with KBR, which will allow the company to focus on selling oil exploration and production equipment and helping producers manage wells and reservoirs.
The CEO, who is in the midst of moving to Dubai, will try to establish connections among the Arab world's massive state-owned oil companies that dominate global oil production. Last year, more than 38 percent of Halliburton's $13 billion oil field services revenue stemmed from sources in the eastern hemisphere, where the firm has 16,000 of its 45,000 global employees.
The Middle East, home to some 60 percent of the world's proven oil reserves, has been explored and drilled far less intensively than North America.
International businesses have been pouring into Dubai to capture regional energy revenues and take advantage of some of the world's most liberal tax, investment and residency laws. Dubai charges no corporate or income tax and in many cases there are no restrictions for companies on repatriating profits or importing employees.
Halliburton is now in the process of cutting all remaining ties with KBR, which will allow the company to focus on selling oil exploration and production equipment and helping producers manage wells and reservoirs.
The CEO, who is in the midst of moving to Dubai, will try to establish connections among the Arab world's massive state-owned oil companies that dominate global oil production. Last year, more than 38 percent of Halliburton's $13 billion oil field services revenue stemmed from sources in the eastern hemisphere, where the firm has 16,000 of its 45,000 global employees.
The Middle East, home to some 60 percent of the world's proven oil reserves, has been explored and drilled far less intensively than North America.
International businesses have been pouring into Dubai to capture regional energy revenues and take advantage of some of the world's most liberal tax, investment and residency laws. Dubai charges no corporate or income tax and in many cases there are no restrictions for companies on repatriating profits or importing employees.
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