http://seekingalpha.com/article/3961657-weatherford-insolvent-bondholders-may-recover-76-percent#alt3 Granted this guy seem to have a axe to grind, but the numbers are their!
For the dumb assthat thinks zero hedge is a joke hahaha.
http://www.zerohedge.com/news/2016-03-29/wti-crude-tumbles-correction-2-week-lows
Laid off
So Im at work yesterday and the mailclerk starts handing out letters from upper management. At this point, Im thinking "Oh crap, how am I gonna tell my family I got laid off?" Fortunately, Im only 29 years old. Youll understand when you read the... — read more
WHR
Go West Hardy! They got the wrong people at West Hardy. They kept the liars, bull sh--ters and unqualified managers. Craig Pickett went from a planner2 to a Materials Manager, really? The guy does not know a thing about materials, cannot recognize an... — read more
Security managers and procurement to be layed of in next cuts in upcoming weeks .
Security managers to be outsourced by WFD
Benbrook closing
Benbrook R&M closing soon, they have started packing and cutting 3rd party hands. Inspectors laid off and told cause facility closing.
Oil price's about to plunge again
http://www.zerohedge.com/news/2016-03-23/why-oil-prices-are-about-plunge-again-31-million-barrels-floating-storage-are-coming
Did they shut down GP?
Well like it says did they shut her down?
Genuine cost savings = Get rid of worthless employees (Account VPs, SAMs, security managers, contract and tender management folks)
These positions are just there to pollute the air around WFT facilities as all they do is smoke most of the day, use pcards for free rounds of golf, exquisite meals at expensive joints...
More layoffs
http://www.upstreamonline.com/live/1427502/weatherford-eyes-3000-more-layoffs
Thursday layoffs suck
It sucks to be laid off on a Thursday and not get paid for the full week. Just another way to screw you over by not letting you use your sick or vacation time for that last day so you can get a full paycheck.
Go West Hardy!
They got the wrong people at West Hardy. They kept the liars, bull sh--ters and unqualified managers. Craig Pickett went from a planner2 to a Materials Manager, really? The guy does not know a thing about materials, cannot recognize an insert nose... — read more
This should make everything better lol
Dr. Mario Ruscev Joins Weatherford International http://finance.yahoo.com/news/dr-mario-ruscev-joins-weatherford-113000124.html
Looking for a Ray of Hope - Previous Oil Slumps/Gluts Does anyone know the years of and how long the previous oil slumps lasted?
Salaries in EVERY industry are taking a nose dive right now and I need something to believe in....
STOP WORK
I remember telling a Frac Site Manager that there was Not a shower or eyewash station in case of chemical burns. I said STOP WORK-----he Looked at Me like I was some idiot. He kept running the operation. Notice we never got the phone number of anyone... — read more
Kingwood WITCH needs to go!
There is no one more deserving of getting let go than a particular manager. This particular Logistics Manager is a manipulative, lying, conniving, and gossiping witch. ALL TIME LOW when we hired this one here, worse than Tracy Breedlove low.
The experienced and disenchanted are leaving
The Experienced and disenchanted are leaving. For those of you who assume that just because the oil industry is in a downturn the gifted, talented, and marketable are at the mercy of the company, they need to reevaluate. In 2005 WFT purchased PDS... — read more
6,000 Layoff status...
With all the recent announcement about furloughs, 401k, paycuts, does this mean the recent announcement about 6,000 layoffs will not happen? What is the status on this, hopefully they have decided not to lay off anyone else. Thank you
Big cuts to all of Canada
Furloughs are doubled, for a total for 20% now. Also RRSPs are no longer being matched.
Pay Raise
For those of us that are competent and know how to do our job Weatherford rewards us. So i'm sitting here at my nice desk, in my nice office and I've just been told not only will i get a pay raise but i will also get my bonus. Unlucky... — read more
New record! We're on our way!!!
http://www.cx-portal.com/_smb/wti.php
We did not cause this mess
My last post was very negative; however, my last comment about hope they end up in jail is because of their own making; moreover, this company was on 60 minutes two times in one year. And because our company has so much browed money we paid the price... — read more
Your CEO has been driving this company to the ground for years.
Your CEO has been driving this company to the ground for years. Yet he is still in charge!? Federal inquiries, unmanageable debt, corruption, litigation, ethics violations, stock manipulations, nepotism. Yet always arrogant and distorting reality in... — read more
How much did we REALLY lose?
No annual pay raise (inflation adjustment), no bonuses, 10% pay cut, no more 401k contribution matching... we lost way more than 10%. More like 20%. Meanwhile BJDD who made almost $15M in 2014 brags about giving himself a 10% cut.
If really want to read something and stay on top of what's happening:
http://www.cx-portal.com/_smb/wti.php http://www.cnbc.com/2016/03/16/april-oil-freeze-meeting-may-go-ahead-without-iran-report.html http://www.marketwatch.com/story/opec-oil-output-falls-90000-barrels-a-day-in-february-platts-2016-03-15... — read more
Wonder WTF Is Next for WFT? You won't believe it...
Next is company cell phones, no more uniforms, need to bring your own tollet paper, coffee, water, paper towels, and they'll no longer pay for work boots, hard hats, safety glasses... Get ready for tomorrow's news, watch... But remember everyone it's... — read more
Salary cut + retirement benefit cut. What's next DD?
Now cutting the retirement benefits... No more matching on 401k.
Anyone read Bernie's memo on March 15?
I trust that most people have seen the email Bernie sent out on March 15, 2016. He really needs to have someone proof read his memo's, or lay off the scotch while writing. I'm still trying to make sense of "There's no point here and now arguing this... — read more