I don't think people my the layoffs when the manners are good and sacrifice seems to be evenly distributed . But knowing the industry does this every few years, not to this extent, makes one wonder if the oil industry actually likes this environment. Where are the executives and politicians? Everyone loves low oil prices, but outrage over the entire Industries behavior should be heard loud and clear. I wish you all the best.....I'm out!
t
Same here - laid off January '15, got my yearly 401K contribution a month or two later :)
I heard more people were let go from Landmark at Oak Park today, and that HAL is considering selling the facility - that they just finished remodeling, renovating, and consolidating most of the Houston people into just a year and a half ago.
GmCmijC-egu: really wrote all that... pathetic, reduced to babble of a 5yo
You are correct. No company ever cuts expenses to save jobs. Regardless of profitability, companies only have jobs for employees they need.
Talk about wizzz children....who do you think 'runs' the financials of all big US companies? Accountants. Publicly-owned companies are answerable to their shareholders; as a shareholder in many different companies I EXPECT each one to be profitable and earn me a dividend. If not, I sell my shares and invest in a company which does what I expect it to. If too many other shareholders sell and the stock price dives, then the company tanks. If there is no company, then there are no employees. If you would look outside your little self-centered world and learn about how business works, you might begin to understand.
I don't like the way things are going any more than y'all do, it sucks. But there are realities in the business world that simply cannot change. Ranting may make some feel better, but their demands simply deny reality. The solution for them? Quit the oilfield and go into a safer industry, like a Federal government job.
.
Anyone really believe that Dave and his select few WON'T be getting their bonuses? After all, how can Dave set back and allow the head of Schlumberger to get $18.5 MILLION, and not feed 'undercompensated'?
That is, UNLESS Dave knows that he will get a much larger 'bonus' whether or not his merger fails..
Look at those wizzzz kids work those numbers. This is what you get when you have an accountant running an oil services company.
Yup, it is not going to save a single job, that is just the way they try and sell it.
me too, that make me so mad, that's ! it ! i'm outa'here............
If you think it will save many jobs we should talk about a bridge I have for sale. It's about quarterly earnings. They won't keep people employed the business demand doesn't necessitate because they have screwed employees out of this 4 percent.
They still match your 401K just like before. The only difference is they wont put another 4% in next year in Feb. They already paid for last year. Most of us will not be around next year anyways.
I got mine-after I was laid off:)
How about you quit so we can get it back...
If it save a job then why not?