Who makes the final decision on who gets cut and who stays? I'd really like to hear his or her explanation on why they got rid of some of our best people while some of the laziest and least competent are still working? How is this a good thing for the company going forward? Please, somebody explain this to me!
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Sorry that Mr. "Laughable" is not commenting anymore. Especially since his comments don't hold a lot of water. For example, checking the performance of MPC, Phillips and Valero stock and you find they are all down about the same amount, percentage-wise in the last year. The five year curves are similar also.
The comments on MRO/MPC are interesting also. MRP has been a laggard since the split, as those offs who follow the industry expected. Also, many other major oil companies have disappeared over the years. Trust me - I have been in the industry for almost 40 years.
It is forgivable that people lash out when they are personally upset - so no hard feelings.
I am disappointed by the laughable reply in this post to mine. This will be my only reply.
Post ID: @3vdh+17dGDWoF
BP poached a few office people over a span of 30 years from Marathon and that’s supposed to negate the fact they’ve literally recruited hundreds or thousands from other refining companies? Missing the point, but that shouldn’t surprise me given you’ve been at Marathon for 30 years.
Standard Oil comment still stands. MRO used to be a >$50 billion company. Now they’re on the verge of bankruptcy. MPC is in a similar position.
It’s a marathon culture and talent issue - no other company of that size has vanished and self destructed themselves out of existence in either upstream or downstream. Admirable feat for both MRO and MPC.
You are kidding yourself if you think laying off 2,000 people (mostly from closing Martinez and Gallup) or a few hundred in Findlay will change anything. Valero and Phillips 66 have not and will not have massive layoffs because they are more efficient and better run. MPC has to have massive layoffs because they’re equally bloated (from hiring low performing friends and family of Findlay executives over the past decade) like Exxon, Chevron, and BP
More layoffs to come. Sad!
I am disappointed by the disgruntled (and not well thought out) posts I have been reading. Especially implying that no one else is laying off employees. Most of the other large oil/petroleum companies have had or are in the process of layoffs right now. There was going to be some continued reduction in force with the acquisition of Andeavor. Current market conditions accelerated this move along with hedge fund managers persuading people that some value would be unlocked by splitting up the company. Unlikely. I know several people that were let go this past week. Many of them were on the verge of retirement anyway (and could afford to). Unfortunately this was not all, but many. The comment of how Marathon should be the same size as Exxon and Chevron is laughable. That person should study the history of the Standard Oil Trust to see why. Also, BP did poach a few people from Marathon, including a VP. But from having worked in the industry for over thirty years, you couldn't pay me enough to work for BP and their culture that includes lies, poor maintenance and lip service to safety.
Gotta laugh at the low level Marathon employee bragging about buying Andeavor as some sort of superiority complex.
Thanks for helping me make a k–ling on my shares (4x since 2014 while MPC is down 25% from 2014)
Congrats on the acquisition, you bought something you couldn’t afford and nearly bankrupted the company. Laid off a ton of people in Findlay as a result.
Weird how Gary tried so hard to build up Findlay but he might’ve actually destroyed the town in the end. Karma.
I think a lot of it was just purely numbers. Someone's been in the company for 30+ years, getting consistent raises, and is in a technical individual contributor role. I know some execs in Findlay have horrible opinions about how highly compensated individual contributors are worthless and expect only those with direct reports should have a high salary. So that's where we ended up with a lot of good older folks getting let go.
The younger folks being cut that should have stayed were likely due to their supervisor. We still have post-layoff supervisors that shouldn't be here and that if a competent manager paid attention would have been fired long ago. If the supervisor/manager value the wrong things, then the wrong people get put on the list and the wrong people stay.
“I laugh at the comments made about how well Andeaver was run and how poorly Marathon was. Let’s not forget who acquired who and how well MPC did after splitting from MOC. The acquisition was the catalyst for this current downturn.”
MPC leadership thinking here. No different than being proud of buying a Toyota at a ferarri price.. “I sure showed that dealer!” Buying something doesn’t make you smart. Just like making money in the refining business in the last decade (hint: everyone did) doesn’t mean you’re savvy.
It’s funny to see the brainwashed Findlay employees be so easily identified on here. Nobody at Valero or Phillips 66 admires Marathon or considers them a competitor. Embarrassing that Marathon underperforms even Holly and Delek. Look at the stock price!
Source: I work for Valero now. No layoffs here!
Marathon was part of Rockefeller/Standard Oil and should be the same size as Exxon and Chevron. But they’re not that size because of the complacent culture and poor mismanagement over the decades.
Marathon acts like they’re the Yankees when they’re more like a minor league team. There’s a reason BP never poached any Marathon people to join them in Chicago.
I’ve worked for this company 19 years and have never seen anyone laid off until now. Never.....not one employee. Even during the 2008 economic downturn, we were able to cut cost, band together and get through whole. After the Andeaver acquisition, our stock price plummeted. We are to the point where upper management has no choice.
Marathon has been very successful for many years and will get through this. I laugh at the comments made about how well Andeaver was run and how poorly Marathon was. Let’s not forget who acquired who and how well MPC did after splitting from MOC. The acquisition was the catalyst for this current downturn.
My thought is it sure seems like it is mostly legacy Andeavor folks who are being let go or having their position downgraded. I feel that Andeavor was very secure and could of handled this downturn way better. Marathon just seems to be running this company into the ground.
Executives get a bonus for firing employees. Called synergy bonus or “Synergy Incentive Program” and separate from ACB bonus
Just Google it (marathon executive synergy bonus)
This Company has no soul. Wonder how much execs will pocket in bonus money while they ruin the lives of loyal employees by terminating us.
From what I have seen, it’s all about the bottom dollar. A lot of good people with MANY years of being with the company (and thus making more $) were let go. Remember the new cost saving initiative mode that the company is in. This is their ingenious way of saving money.
This type of nepotism is what will drive this company to the ground.
It doesn't help oil is on the decline, they need to diversify as soon as possible and I'm not talking about "biofuels". They need to dive into renewable energy like battery storage, solar, wind to survive.
I don’t know how the final decisions were made, but Supervisors/Managers were asked to put together a list of primary business functions of the group (5 or 6 items only) and assign a value and cost to each line. I understand that list was used to decide where value was being created or where outsourcing certain functions could be less expensive. Beyond that, we were in the dark.
They picked folks in June when we were all mandated to fill out our "Max 5", I hear.
At the corporate level or office setting it was VPs who made the decision. Most of them can’t even name half the people on their team without an org chart
It is apparent that MPC has learned nothing from the last decade. Rather than making the best decisions for the business, decisions are made around politics, who goes to church with who, who is a relative of XX. This type of thinking is exactly why we're in this position today. Notice how Valero/P66/Holly haven't had to do large scale layoffs? Terrible culture that refuses to learn.
For refining: corporate made standardized org charts for all refineries based on size (small, medium, large). The local management team had to then fill the new org chart with people. Supervisors were completely in the dark, nothing went below manager level. They likely also looked at previous year reviews for bad ratings for easy targets. In many cases, people just got the bad luck of the draw. e.g. two positions were merged into one so even though the guy left out was good, unless another group wanted to lay off an additional person to make room for him, then he was out of luck. At least this is what I put together from various sources.