Remember the big celebration in July to be part of GE family? Cost 100K for the event in Rankin. Lesson to learn.
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The net effect of stopping the BHI pension is -270% for 10 years. 30K earns 3K in 10 years versus 300K if the pension continued. Some of the BHI personal would lose twice as much because we have way more than 30K in the pension.
BH Aberdeen is the best example of managers who don't know what they're doing .
BH could not survive the downturn because of bad management and poor decisions which lost huge revenue. The only good benefit was the pension but that gone now.
Weatherford is still 7B in the hole and no signs of climbing out.
Those great benefits are why your cost structure was much higher than anyone else. It’s also the reason your company couldn’t survive the downturn on its own when even basket cases like Weatherford are still managing to cling to life.
Reality check boys - Weatherford may be around longer than you guys. Bahhhh Haaaaa Haaaaaaaa
You got a free T shirt so stop moaning can’t be bad for 4 month .
We don’t need GE let’s go back to bakerhughes great company with the best benefits no one will ever match what bakerhughes give there employees
you pay peanuts you get what? 😂😂
More than 52% when factoring compound interest from losing pension. 😩
The sum of total pay cuts plus the loss of a pension comes to a total cut of 52% to pre-downturn compensation in Aberdeen. What a disaster this mess has been.