Topics regarding layoffs at BP PLC

Topics regarding layoffs at BP PLC

Invest in BP or not?

Is it worth investing in BP or not? The share price is Pretty low again, I missed the boat in March. Just not sure whether to or not. Yours, noob investor

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| 1390 views | | 8 replies (last October 4, 2020)
Post ID: @OP+16PzAPXP

How much would be enough for you?

Do you think what we are getting as severance is enough? What do you think would be enough for you to leave this place "with no hard feelings," to put it like that?

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| 1470 views | | 5 replies (last September 12, 2020)
Post ID: @OP+16P56suA

EAP and Speak Up is for the company , not you

I know first hand an account of a former colleague who brought a credible account of corruption to Speak Up. The alleged corruption involved mgt including the TL in his or her organization, where it was apparent that employees were accepting kick... — read more 

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| 1560 views | | 2 replies (last September 7, 2020)
Post ID: @OP+16OShmdU

Rankings have Begun

Tier 4 rankings have begun and are due Sep 11. There are 4 ranking criteria with performance being one of them. Not as favorable to be a delivers expectations and no SVP awards over the last 3 years. The other three criteria focus on professional... — read more 

401k Match

Anyone else hearing rumor that 401k match is to be in half?????

EOI

So many requests denied. Why even bother with offering EOIs?

US exploration?

All dead? Anybody staying? Who is going to run the JV stuff?

BP Plans Crude Oil Production Cuts

Bernard Looney, CEO, stated that BP will reduce crude oil production by 40% over the next 10 years and invest up to $5 billion/year in low carbon technologies. BP swore off exploration in new countries. The goal is to bring oil production down to... — read more 

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| 3220 views | | 12 replies (last August 20, 2020)
Post ID: @OP+16iYeUXS

America and offices

All GBS employees in Naperville were told they will be let go, obviously the petrochemical business was sold, ultimate leaving very few people left at the Naperville campus that is way oversized to begin with. Rumor is that ineos has no interest in... — read more 

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| 3660 views | | 5 replies (last August 5, 2020)
Post ID: @OP+16h5pADo

Earnings tomorrow

I’ll be interested to see the Q2 earnings tomorrow. I think we’re the last super major to release results this quarter. Results for the others have been all over the place. I guess I’m mostly interested to see if trading offset our losses and if we... — read more 

No transparency in reorganization

Do you want to know how messed up bp is???? The entire company is reorganizing from top to bottom and every job is being reviewed, but NO ONE is allowed to apply for a job. Leadership is going to place people in new roles. And they refuse to say what... — read more 

Opportunity Knocks..... if you broaden your horizon.

Sociopaths and psychopaths are incapable of understanding empathy, or any other emotions that are related to caring and taking responsibility for others concerns or worries. The way neurons are wired (connected) in their brains, means that they will... — read more 

Folks leaving, what will you do next?

I’m in my early 30’s and am considering the jump (if I am retained come September). What’s everyone else’s plan? O&G feels like it will never be the same and the current process has been anything but transparent.

Dividend

There’s a rumor making its way around the investment community that BP might cut its dividend.

What's Next

I spoke with a relible source on the estimated reductions for the following grades: *Level C and up: 50% reduction *Level D to F: 30% reduction *Level G and below: 25% reduction Frontline hourly employees and their supervisors are exempted... — read more 

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| 3270 views | | 8 replies (last July 26, 2020)
Post ID: @OP+15W6KN6H

Mid year reviews

These mid year reviews should be interesting - considering that your manager has no idea what is happening with the reorganization, and does not even know if he/she will have a job. This whole process is such a joke - “behind the curtain” and secret... — read more 

Who’s Next?

BP seems to be selling anything they can to get cash and manage their debt. What’s next? Canada? BPX? More downstream?

Why so quiet??

No murmurs? Gossip? Nada?? Starbucks leaving Westlake? Someone must know something!

Anyone else think they are closing Westlake?

14,000 US employees. 8,000 layoffs. That's about 58% of US employees. I think they might close Houston and have the skeleton crew work remotely or have the workload transferred to UK. No inside info. Just gut feel.

BPX wamsutter

Any updates on bpx energy layoffs? Any idea if the plan to layoff wamsutter is still in place?

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| 1065 views | | no replies yet
Post ID: @OP+15AjU5Ro

Take the EOI, BP does not care about you!

BP is a sinking ship. I am on my way out and looking forward to not receiving another political email. It’s crazy how much pandering this company does. Although playing like they care about carbon emissions, just to evade future carbon taxes is a... — read more 

Layoffs

How quick will layoffs be after EOIs? Is there any point in submitting my EOI today versus waiting for the axe?

UEC

Has anyone heard the numbers expected from UEC?

Being laid off might be a blessing in disguise

To be honest this might be a blessing in disguise. The unemployment benefits are good at least for now and hope companies will give out good packages. This is the time to retrain yourselves and get out of this dying industry and never look back. The... — read more 

Cut the employees and save the dividend!

I support this! No need for my dividend and stock price to fall further for the sake of 10,000 unnecessary personnel. Time to run more efficiently and get that stock price back to the mid-40's.

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