Emerson's significantly fortified it's offerings in Oil and Gas so with oil prices flat/falling and lower CAPEX spending by said industry coupled with the Company's goal to reduce the relatively high dividend payout ratio then I predict that there will be layoffs in 2019. Their business has run its course as far as capitalizing on delayed CAPEX and equipment replacement from the previous downturn so buckle up...
Bumped from @VTwddmD-Xtuw for being on point.
You're message is mixed on ComRes - people voluntarily left or there were layoffs or both. The ink is barely dry on Farr's 'corporate evaluation' message. If they were going to sell or spin off ComRes, wouldn't they need someone to stick around for a transition? I'm in Austin. I've not heard of any reduction. In fact all the VP's just got new office furniture.
Layoffs happened in commercial residential lots of staff let go. Directors, vps and more. Voluntary retirement
So not fair to say something like prediction realized with no other information. Do tell......
Prediction realized!
Emerson. My favorite former employer.
Hey, it's 2015 let's sell off the data center business and double down on oil & gas... Staff all our business lines with L1 visa holders from India making $7 an hour.. Not update our technology offerings... And arrogantly defend our culture of MBA heavy management tranches..
What could go wrong?