Topics regarding layoffs at ExxonMobil Corp.

Topics regarding layoffs at ExxonMobil Corp.

Pension plan benefit

I accepted the PIP after 10 years of service. Anyone who has left ExxonMobil prior to retirement, is a pension lump sum available? Anyone know who to contact regarding this matter?

Baton Rouge chem plant hires dummys

The chem side in Baton Rouge has got to be the worst recruiting classes ever !! Most operators don’t know their jobs and most all the FLS are clue less!! They promote based on gender and race , not qualification . Place is pothetic !! Bye bye

I am 52 and was placed in NSI.

I am now doing a PCP - similar to PIP except at the end I keep my job. I’ve been told that people aged 52-54 are “safe” and will not be fired unless you give significant cause like not showing up for work. Anyone else in this same situation and... — read more 

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| 7070 views | | 20 replies (last August 22, 2020)
Post ID: @OP+16jVld21

What's next to go?

10% of US Employees gone, most of the contractors gone, 401K matching is gone, most projects cancelled. So what's next? Cut pension? cut middle management? XOM assets are over-valued and once that's corrected, it's definitely a nose dive for what... — read more 

Oil and Gas Reserves Threatened By Low Prices

From Bloomberg. Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest of the year, “certain quantities of crude oil, bitumen and... — read more 

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| 1540 views | | 6 replies (last August 7, 2020)
Post ID: @OP+16iT6wLH

XOM Match on 401K contributions - now kaput for good

Oh - that lovely 7% match on your 6% savings - all tax-deductible by the Corp(se) and lead to the end of pensions. Even that is gone now as of this month. (Mgr stock give-away not impacted). Only if you've been in the system for a while does... — read more 

Loyalty counts for nothing

20+ years of service and now I'm treated like an inmate. Thanks for revealing your true colours there boss man. I will enjoy watching the ship sink.

Voluntary Severance Packages

Has anyone heard of any voluntary severance packages? Has that ever happened? I just don't believe in the future of the company and rather go elsewhere.

Get rid of the management!

The only way to get Exxon back on the right path is to get rid of everybody in the upper managements and all the executives and put smart and competent people in their place. What we have right now is ruining the company! And somehow, it's us who get... — read more 

#firewoods

Do you think he is the problem? Should he be fired?

Cost Cutting - No Trashcans and No more 401K Match

So it looks like that EM will continue to keep cutting costs and we will have to bring in our own toilet paper soon. For those going into the office, they took away the trash cans. They wanted to cut the cleaning staff so they went from trash... — read more 

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| 4430 views | | 8 replies (last August 6, 2020)
Post ID: @OP+16iVZOKt

Xto move to Houston

Anybody got regrets moving there family from Fort Worth to the compound in Houston ? Just curious. Are you better off now if so? Me and my wife thought about going for about a split second and said no thanks. I never met one Exxon implant in ft... — read more 

Management get treated differently

I retired recently, but still keep in touch with old colleagues - many are friends and even neighbors. I remember at least 2 occasions when they talked about how compensation was set. At the working level, they compare salaries with a mix of... — read more 

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| 6850 views | | 6 replies (last August 5, 2020)
Post ID: @OP+16iyznlu

nasdaq

https://www.nasdaq.com/articles/exxon-plans-to-suspend-employer-match-to-employee-retirement-plans-in-oct-sources-2020-08?amp

Those who chose the PIP

Anyone PIP’d and staying? Did you get your PIP yet? Have you been told its impossible to be successful?

ExxonMobil is Suspending 401k Matching

Sent: Tuesday, August 4, 2020, 02:29:46 PM CDT Subject: Urgent Notification: ExxonMobil Savings Plan Changes effective October 1, 2020 Union Leadership: Given the current business environment, the Corporation is taking steps to reduce... — read more 

Retirement packages only to management?

I recently heard that they are offering retirement packages only to eligible management....can anyone confirm if this is accurate? And is this their version of PIP’ing middle and upper management? Throwing money at them along with their... — read more 

Not retirement age

What if you are vested but not retirement age? Do you lose your retirement?

Outplacement is bullish!t

I signed the papers over two weeks ago, and I still haven’t heard from Right Management, the outplacement service part of the separation package. It goes to show, once again, that the company is either full of empty promises or that, as usual, they... — read more 

It's time to clean the house

Exxon needs to get rid of middle management who shuffle PPTs and utter LPSAs, JLAs, and Assess Analyze and ACT mantra. They have little insights into the process or controls, and how to make money in Chemical Plants/Refineries. They have expensive... — read more 

State of Affairs at the Exxon Mobil!

Examples of Incompetence within Exxon Mobil with no consequences for the (Mis)Management Exxon Spent $10B on Sabine Pass LNG, by the time project came online (Thanks to LPSA/JLA/LPO methodology and fat project budget) market had shifted and US... — read more 

Any idea if HR is subjected to PIP?

Any idea if HR is subjected to PIP? Imagine if your only job is to improvement the Organization effectiveness. Will be interesting to watch.

Old and New

The old ranking system had an inherent bias against more experienced workers. It seemed inevitable that these competent professionals would slide down on the rankings. They were overrepresented in the bottom third. It was also not unusual for them... — read more 

Shame on ExxonMobil

You hired the brightest young professionals from top ranking institutions, and then fired them within a year or two without any prior feedback of nonperformance. Would you train or nurture these bright professionals or destroy their confidence and... — read more 

The Humbling of Exxon

https://www.bloomberg.com/features/2020-exxonmobil-coronavirus-oil-demand/

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| 1351 views | | 1 reply (August 1, 2020)
Post ID: @OP+16ellvlX

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