Schlumberger announces lay-offs

More oilfield jobs are slated to be cut by one of the largest service companies in the country.

Schlumberger Limited, which has a division in Longview, announced they'll cut about 5 percent of their work-force, due to slumping oil prices and demand. The company will lay off around 1,000 of its 19,000 employees in its North American operations.

No word on how many cuts will be made in Longview and when that could happen.

Bob Hallmark, reporting.