HeadScratcher

Earnings Preview: BJ Services Company

Interesting set of results from the services sector! One interesting item I noticed reference the Baker Hughes results is their statement they are going to hire 3000 new staff!

If you go back a few years at the start of the run up in oil prices and the service companies focus on growth, Baker has said they needed to recruit 1000's of staff. Is this 3000 now in addition to what they needed a few years ago or is this a new number. If a new number what has they been doing these past few years? Have they not been recruiting/hiring/trai... when the rest of the industry has done so or what? Does anyone understand what is / has been going on with Baker?

While the results are good I would really like to understand what has gone on the past few years with them recruiting and training the people they need to really grow further! Does anyone know what the retention numbers are with Baker over these last few years? This may be a more important number to explain what they have or have not been doing in this area of the business.