Kelowna-base company produces equipment for the oilfield and forestry sectors.
Cuts were to administrative and field staff and include corporate positions in both Calgary and Houston.
Lufkin Industries produces pumping equipment for oilfield clients.
Oilfield supply company reported revenues of more than $500 million.
A KUDU progressing cavity pump installation. The systems are engineered to handle heavy, medium or light oil; coal bed methane; and dewatering applications. Photo: KUDU Facing eight-dollar-a-barrel oil and heavy debt, Calgary oilfield-equipment manufacturer KUDU Industries Inc. was, by March…