Thread regarding Chicago Bridge & Iron layoffs

Morale is super low in the company now. Almost all workers are expecting a call from HR and then be escorted out as some kind of a criminal.

Cameron LNG is ruined by indecisiveness of the incompetent construction managers and superintendents. Freeport LNG is in knee deep stuff due to terrible planning. Then there are a few ethylene projects mismanaged to the best by indecisive construction managers.

Partnerships we formed with Zachary and Chiyoda are in jeopardy due to bad project management. Chiyoda appears to be treating CB&I as a heavy burden than a valuable partner.

Some senior VPs in charge of LNG projects rumored to be in bed with subs for their own personal benefit.

If CB&I needs to recover, company needs to change the company culture starting from Construction, Project Controls, Engineering, HR, etc. Furthermore, CB&I needs to stop promoting incompetent personnel to VPs of Useless Fluff. Perhaps, CB&I’s spectacular failure will be a learning topic in future management courses like that of Enron.

Pledging to UW will not save your job. I volunteered last year, pledged the max, donated books and other crap for the various sales. Overpaid at the silent auctions, even after that I was still harassed by the safety boss to buy a pie for the pie throwing. I should have filled it with rocks instead, I was one of the first cut earlier in the year when they started cutting budgets.

So no, your UW contribution wont save you, it is how incompetent you are and how brown your nose is that will save you.

SLA's are ending this week for Cap Services- anyone supporting only them- you out! Be ready for HR to tap your shoulder so you can do the walk of shame in front of you coworkers! Delays on insurance so they get max number worker bees off payroll- executives already got they insurance! Sorry sh-t show company....but you betta give yo money to UW before you check out!

You can tell when a company is headed in the wrong direction when that start laying off good employees. CB&I does not have a clue what they are doing, it is obvious!

Management is out to take advantage of anyone they can so that they can get their bonus. They do not care about the business.

If their waiting for layoffs to start medical insurance sign up, layoffs have to happen pretty soon. Like next week.

Still no announcement for benefits enrollment ... Layoffs are coming ... Just not until after UW pledges are in. Should you pledge more so it saves your job or pledge less because you are sure to be let go? Gosh I wish I could just do my job without this sh--.

Who's the commie?

You treat people with respect, they treat you with respect!

This is a result of poor leadership. CB&I has turned into a joke. Typically corporate America, only thinking of money and executive bonus.

Dont thank Shaw a--hole, thank CB&I. Your dumb--s leadership cant run a lemonade stand. The decline of all Shaw facilities began day cb&i took over. Exhausting CMS horse sh--, dumb--s safety program, unnecessary paperwork, endless, useless meetings, and redundant management structure cost money believe it or not. Only culture they created was one of micro-management and lack of oversight. dumb--ses bought company they had no clue how to run!

Thanks Shaw.

Only thing I smell is Bankruptcy😝

Is that you, Luke?

all that fluff about indicative bids, lol... indicative bids just get you into the game - like buying a seat at the poker table - you get to see the cards, but you don't have to put any real money down. with earnings from Technology dropping YoY, I'd be shocked if any U.S. buyer is willing to pay 10-12x ebitda. sit back, relax and pay what the unit is actually worth in Q1 next year - post-bankruptcy - instead of paying a premium now.

Bankruptcy is all but inevitable. The banks will close in and any buyer is going to be very leery of the accuracy of the books and will walk away.

Funny. How many are up to their ears in debt, with a 6 year car loan, credit card debt, mortgage, etc. And will soon try to pay all those bills ex-employment.

Yeah, maybe that 6 year car loan wasn't such a good idea.....

And yet so indicative of the pile of p--p we just listened too!!! Lynyrd may have been worse band of 70's but get real folks they gonna keep cutting till only the fat at the top remains....gonna make sure they get they money.....how you gonna market and innovate this sh-t show???

Lmao Lynyrd Skynyrd is the worst band ever. They are horrendous. That plane crash that wiped out the band was a mercy killing and a top 5 moment in 70's music.