Revenue continues to fall in NAM which will = more axes falling in June. If your a G12-G14 you already have an X on your back. Stay outa sight and outa mind....
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Got laid off in May on G13. So it's still happening
Who cares about TIG?? Different areas are continuing to have force reductions and yet there's some that still "confirm 100%" that layoffs are over. SMH. Nobody has that certainty as it's completely dependent on the market and right now, the market's still unstable. The person who commented earlier had it right, the increase seen right now is absolutely no indication of a boom. Sell your certainties someplace else. Nobody's buying here.
So Mr. Unconfirmed how many layoffs in TIG?
UNCONFIRMED 100%. Same dumb@ss that keeps making that confirmation every week…even amidst layoffs. Keep your assumptions to yourself. Nothing at this time is a 100% certainty….especially concerning no more layoffs.
Confirmed 100%. Oil is on the rise and we are not laying off (0 layoffs in TIG)
HR is a busy place as of late. Folks trying to find a secure position to ride out the next wave of layoffs. If you have not been in there, you may be too late.
Boom times are far from over. Head count at our facility on shop floor was 130 beginning last year down to current 45. Furlough last summer now jus got word furlough Friday's for rest of summer. We are in cash crisis things won't get better until 2018
Is this last person even following the market? Boom times? Soooooo….bouncing up and down between $45-50 is your version of "boom"? You've either a) not been invested in the market, b) not been in the industry long, or c) been living in denial. Until the market stabilizes, STABILIZES around the mid $50s range, we're certainly not in any type of "boom". Standard recovery for this time of year yes but nothing greater for sure. We're actually behind in some predictions of what we need to be which is not good at all. I've been visiting this site on and off for several months now and it's pretty ironic that every month since the downturn, someone has knowledge that "layoffs are over". Meanwhile, several massive layoffs later, rumors of layoffs are beginning to fill the air again at our facility. The OP of this particular blog is correct, we're continuing to tank and some areas are literally living on a day to day basis. Boom times and out of the layoffs eh? Whatever you need to tell yourself I suppose.
Boom times are back. We are out of layoffs. (Unless oil goes back to $30)
Q2 investor conference call is scheduled for July 22. If there is bad news then expect actions to be taken ahead of time. Early July would be my guess after June month-end numbers are collated and RoFo's for Q3 are completed. Watch for managers disappearing for meetings or showing up on weekends to discuss results.