Topics regarding layoffs at Baker Hughes

Topics regarding layoffs at Baker Hughes

Any news of BOT Corpus CHC or TTF getting hit?

Seems to be a lot of meetings but typically they come out afterwards and tell us another bizarre plan they think is going to work. Just wondering if anyone's has heard anything? I am just glad that decisions are based on work ethic and not because of... — read more 

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| 324 views | | no replies yet
Post ID: @OP+AwP62Fb

Age of the laid off people

Target age early 40's to 60's. They do it by having managers do a new performance review, and then have a wiz bang financial algo deem value in financial terms. Performance versus payroll expense. Managers get the message pretty clear, give low marks... — read more 

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| 850 views | | 13 replies (last March 18, 2015)
Post ID: @OP+AvKvrhf

Engineers??????

Currently, we are hiring engineers through the LEAD program. Just last week HSE did a new hire orientation for 6 of them. Now I for one was hired by Baker as a technician, even though i met all the requirements to be an engineer. The reason they gave... — read more 

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| 430 views | | 7 replies (last March 14, 2015)
Post ID: @OP+AuBVdND

Canada Hit Hard

All product lines in Canada have gone through major layoffs this week. Huge reductions all over. Lots of experience gone. It's hard to see how the Baker (haliburton) could recover all this lost experience.

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| 500 views | | 4 replies (last March 14, 2015)
Post ID: @OP+Atv6dXo

CLARKSBURG W.V.

Hr is to be in clarksburg today for a second round of layoffs.

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| 1030 views | | 6 replies (last March 17, 2015)
Post ID: @OP+AtYnM9t

The ax swings in ND

Even after taking away our guaranteed 40, we still lost 3 mechanics today and rumors of a afternoon round might take more. The end is here..bye bye bakken, we hardly even fracked ye..

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| 400 views | | 4 replies (last March 13, 2015)
Post ID: @OP+As4jqDK

ICP AND PIP

CAN SOMEONE TELL ME IF SOMEONE CAN GET THE ICP BONUS AND THE PIP BONUS BOTH?

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| 1133 views | | 2 replies (last March 14, 2015)
Post ID: @OP+AsPdYNa

BHI Celle, Germany

Despite starting to work 30hr/week to avoid layoffs, some field personnel have been given release notifications (by law a 90 notice has to be given to the employee or when released earlier employee will be paid for 90 days). Not sure what the entire... — read more 

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| 761 views | | 3 replies (last September 10, 2015)
Post ID: @OP+AslEudW

Merger vs Acquisition

Halliburton correctly describes the buy out of Baker Hughes as acquisition whereas Baker Hughes tried to make it more palatable describing being bought out as a merger. Check here for what the difference is. "Whether a purchase is considered a merger... — read more 

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| 550 views | | 7 replies (last March 20, 2015)
Post ID: @OP+Ar1N9Q7

Rules of Thumb for Hiring/Firing Resources

5 types of business resources = land, capital, technology, management and labor. Just find out the amount of work (in $) coming in now vs. last year. If less work, something has to give because there is not enough money to support the resouces. In... — read more 

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| 540 views | | 6 replies (last March 9, 2015)
Post ID: @OP+ApKlhkW

information lacking

In the GOM they are telling us to keep performing as normal and don't concern ourselves with the business aspect. I for one am just going through the motions of showing up and looking busy. At this stage, what difference is it going to make. In a... — read more 

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| 490 views | | 8 replies (last March 10, 2015)
Post ID: @OP+ApsVIFl

Life does not end

To all of you unfortunate enough to have been laid off, fear not, life will go on. I know that sounds easy enough to say but I have been in your shoes. BHI "laid me off" 10 years ago (they fired me because I was a free thinker). I was an engineer and... — read more 

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| 380 views | | 3 replies (last March 9, 2015)
Post ID: @OP+AnhGY4Y

Moved on

I remember getting trashed by this industry, twice. My confidence went to hades but, I bounced back. It was a lesson well and duly learned. In retrospect, I analyzed myself. Where did I go wrong? What would I have done differently? Was I truly tied... — read more 

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| 410 views | | 3 replies (last March 14, 2015)
Post ID: @OP+AnBMd5i

all my worries will be gone

If I could just get my 4-5k in severance and my 10-12k in bonus all my worries will be gone because the 200k I made the last 4 years Was overrated. I didn't need health and dental for my family of 8 or a company paid vehicle. I like buying my own... — read more 

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| 550 views | | 2 replies (last March 6, 2015)
Post ID: @OP+AnQ2Jqh

Wireline

What about wireline, does anybody knows which will be divested?

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| 433 views | | 1 reply (March 6, 2015)
Post ID: @OP+AnPUnhc

DRILL BITS, HAL. OR BAKER?

Does anyone know who Hall. will divest when it comes to drill bits considering both companies have a drill bit division,.

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| 750 views | | 4 replies (last March 22, 2015)
Post ID: @OP+AnSxaHx

Bonus oayout

Did anyone actually receive bonus payment? It was supposed to be today?

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| 670 views | | 9 replies (last March 6, 2015)
Post ID: @OP+AmQtGuA

Unemployment benefits and severance package - TEXAS

For those laid off and signed up for Texas unemployment benefits, how did your reciept of a severance package affect your benefits? Just curious, haven't received my severance but I do know it must be reported to the TWC.

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| 9380 views | | 10 replies (last March 19, 2015)
Post ID: @OP+AlKcMsg

Warning - Halliburton is coming and gonna chew you up

There is a reason baker is only the third largest service company in the industry and one of these reasons is that its full of third rate people and businesses. We cannot tolerate such low performers in the red machine and you will be eliminated.

Who wants to get laid off?

I know I can't wait to get the big severance package! I'll head out and buy a 70" big screen, Xbox One and a case of beer! I'll be livin' the dream! Who else wants to live the dream with me?

Stock Proxy Vote March 27

Shareholder meeting for March 27 to vote on the merger. Send a message and vote NO! I never vote for these since I only have 200 shares. But if everyone who was laid off can send a message, let's do it

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| 470 views | | 6 replies (last March 14, 2015)
Post ID: @OP+Ak8sjYI

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