Totally logical for COP...reward the team responsible for being over budget, past schedule, poor HSE performance and totally unimpressive!!!
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With reference to the post below: I would not call Surmont 2 a raging success.
As long as the expat finance managers are still here in oil sands, there will be minimal impact to oil sands! We are lucky for now! Most layoffs will be in WCBU. They need to make the oil sands division in Canada look good so they can move back to Houston and move up the ranks. They do not care if there are strong or weak performers, it's all about the image!!! Sorry WCBU.
I agree that it was like a hostile takeover, but if you look at the capital budgets for WCBU vs. OS, the majority of the spend will be in OS for the next several years. I was shocked however at how little the people coming from OS were impacted. Didn't really feel like a best player plays sort of exercise.
OK you got me. Have to agree with you there.
This is reposted from an older thread, but it is spot on...
It was said to be a merger of 'families' under 1 Canada. It was a hostile takeover because capital projects oilsands (Craig Dotson) has no work but WCBU does.
The people impacted by this were completely kept in the dark and lead to believe that this would lead to opportunity, not comple decimation of departments.
Well for a start strategic procurement is gone along with the leaders of the group!
Ha and who in SCM are you talking about a lot of the dead wood is still there. Sh-- floats to the top !!
Alot of the trouble makers in SCM are gone!
no longer a p.o.s. for working for an oil and gas company but don't expect sympathy from anyone who doesn;t