I'm getting tired of hearing about more jobs being moved to cheaper countries. EM's main cost-cutting strategy seems to be outsourcing. How long do they plan to keep leaving Americans jobless just to save a few bucks? Until there's nobody but the ELT left here? Is that the final goal?
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Now you are seeing increasing on site out sourcing , this means where the company is sending people from low cost locations as expats into places like Midland and many others. Keep in mind the company likely takes advantage and offers much less (ask about the explorer program) benefits. Those in low cost locations are so desperate to get out that they will essentially take any position/pay.
Where have you been? Of course the goal is to have all technical positions in India where EM can get 15 engineers for the cost of one in the U.S. The only positions in the U.S. will be operations and maintenance with only operators and maintenance craft workers. Won’t need any ChemE, ME, EE, or any other engineers in the U.S. Other than that, there will be a small lead team at the plants and a small group of managers in Spring. You can take satisfaction in the fact that SLS, DH, and most manager positions will be gone also. The target date for this is 2026 and EM is ahead of schedule.
@OP Now that you’ve recognized that…take a look at Exxon’s political donations.
Pretty much puts the kibosh on all of that “America First” nonsense, doesn’t it?
Much more to come on the outsourcing front, there is a reason why BTC has hired by the hundreds not counting the MSPs (contractors that BTC manages , yes you read that right)
The argument that the growth is outside US and EU ignores the fundamental fact that our manufacturing plants ARE mostly in EU and US. Simple cost reduction is the reason packaged in management BS.
On top of the savings, the future of the industry is not in the US. In the long term view, the US will not be an increasing market while places we offshore to are growing. So why have Americans work on it if the work and customers won’t be American?
In the very long term it’s going to be taken private, so it does not have to deal with nearly as much scrutiny and legal requirements. And that’s when you’ll really see the transition to countries where there less taxes (potentially through making a deal with the foreign government) as well as less environmental regulation. If I was a betting man, I would say that XOM will be virtually unrecognizable in 25 years.
Save a million. Lose a billion.
The problem is - it’s not just to save a “few bucks”. It’s pretty significant, once you have a system in place. If you were a business owner in the US, you would likely be outsourcing already or considering it to be viable when the next downturn hits.
Yes.
Think you've got it bad? Try things for us in Europe 🤔