Anyone with any historical knowledge of how the acquisitions were handled with Texaco and Unical? From a people/lay-off perspective?
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Right to hire and fire is the only reason that you have a job, son, you can count your blessings for that. Feel free to quit.......
The Texaco deal went well for Texaco employees because there was a poison pill chevron legal overlooked and was too far pregnant in the deal to backout. Texaco employees made out like bandits. That won’t be the case with Anadarko and chevron will hide behind the right to fire and hire laws of the state of texas
Bought Unocal for its drilling expertise and then Chevronised it beyond all recognition. Expect the Borg treatment of assimilation into the collective.
In GOM Texaco and Chevron were closely aligned on cultures. Unocal was a bit different. In all cases there were early and often culture presentations by Chevron presenters from safety and training, mostly to the masses of workers who would be impacted. Was well thought out and went well.
When Chevron acquired Texaco in 2001, Texaco employees who took voluntary retirement were treated extra well. They got Texaco’s standard severance of 4 weeks per year of service, compared to Chevron’s 2 weeks per year. I’m sure there were some nuances between the two severance plans, but all-in-all, both Texaco and Chevron volunteers were given the more favorable severance plan. I don’t remember exactly what happened with Unocal retirees, maybe because the two companies had similar standard treatments for severances.