Topics regarding layoffs at TechnipFMC plc

Topics regarding layoffs at TechnipFMC plc

Has FMC hit a Partial Plan Termination for the 401(k)?

I'm not yet fully vested in the employer match (3 yrs to fully vest) But I understand that if FMC lays off 20% or more of the 401(k) participants in a year, the plan is considered to have undergone a "Partial Plan Termination", and everyone who was... — read more 

by
| 1760 views | | 2 replies (last May 12, 2016)
Post ID: @OP+Hjzb4fo

SDS Layoffs

Is SDS 3.0 laying people off this time around? And what about Global planing?

by
| 924 views | | no replies yet
Post ID: @OP+He9I32Z

Next Round of Layoffs

I was a TSP and transferred into the shop recently, but I only have two years of experience. Do I have a high likelihood of being safe during the next round of cuts?

Layoff Package???

Can anyone who has been or anyone who knows of someone that was layoffed, please clarify what package deal you or they got with FMC?

Invalco line

with the announcement of Invalco sales being managed under MS , any threat to the current workers in stephenville TX?

Layoff List?

From what I'm told from former colleagues, there may be a list that has been presented to people upon there layoff. The list contains positions/titles and age of people that may be laid off if things don't turn around. Has anyone else heard of this?

Layoff benefits

Looks fairly inevitable that the next round of Q2 cuts will be deep, especially with no new customer awards for services. What has been people's packages who are laid off, both salary and hourly? Has anyone had any luck negotiating for a better... — read more 

Fmc kongsberg

Great benefits. Flex hours but middle management is a bunch of morons.

by
| 1270 views | | 1 reply (April 9, 2016)
Post ID: @OP+GOgLkP9

How deep will the cuts go?

700 will be cut from Norway: http://www.oedigital.com/production/item/12097-fmc-to-cut-700-norway-jobs Who is left at gears and what work remains?

by
| 2050 views | | 6 replies (last April 14, 2016)
Post ID: @OP+GLA2mAT

Today?

Any news about layoffs today?

northbelt...

Heads up at Northbelt... word is this week is gonna be rough...

by
| 1900 views | | 6 replies (last April 1, 2016)
Post ID: @OP+GxjYcXR

Layoffs coming for Western Region Subsea

Watch out folks. Word on the street is layoffs will be coming in two waves: April and August. These two rounds combined will be up 30% headcount reduction depending on product line details (existing backlog, inbound, absorption, etc...) Everyone is... — read more 

by
| 2080 views | | 3 replies (last March 17, 2016)
Post ID: @OP+GqZypTp

Wake up board of directors

Where is the leadership and vision around here? The industry is changing, the stocking is tanking and the backlog is disappearing and all management can think of is layoffs. Top management is like a fly trying to get out through a window, not smart... — read more 

TSPs

Is Fmc about to let some of the TSP's go?

by
| 1140 views | | 1 reply (March 11, 2016)
Post ID: @OP+Gl9MpJo

FMC stock selloff

Anybody notice SEC filings of March 1 ? FMC stock sales listed looks like a board of directors roll call.

by
| 1262 views | | 1 reply (March 10, 2016)
Post ID: @OP+GkQf2z3

Subsea

Will Fmc be having more layoffs in the middle of March with the subsea Western region?

Sourcing Integrated Services (SIS)

Does anyone know if this was created to eventually replace local sourcing operations? Sort of what they did with IT and Accounting?

Subsea Western Region

Does anyone know of more layoffs in regards to the subsea western region?

by
| 1680 views | | 6 replies (last February 29, 2016)
Post ID: @OP+G46WJ5d

Invalco / MS / Subsea

So tough right now. Its unbelievable that Invalco is getting absorbed, MS is being parted out and Subsea is getting hit again in Houston. Just in time for one year anniversary of initial start of this downward spiral.

by
| 1970 views | | 9 replies (last February 15, 2016)
Post ID: @OP+FTICjIA

Shmita is real, there is no escape

everyone is either quitting or getting let go... this company is not going to last. run while you can! Hide your kids, hide your wifes!

by
| 1590 views | | 3 replies (last February 11, 2016)
Post ID: @OP+FSx4hT9

Recent layoff only the beginning

The parts being machined now at Gears Road are for projects that have been pushed back 2-3 years. They are still vending work out and looking to sell machines! This recent layoff was just the beginning, don't believe any of the propaganda. VERY... — read more 

by
| 1760 views | | 1 reply (February 24, 2016)
Post ID: @OP+FSdOS44

They are positioning to merge with Technip.

Understandable perhaps, but zero core values in the process. Management is a joke - seriously. I do not know how they look at themselves in the mirror every morning. A great company has lost it's way and contrary to the news feed, it is not due to... — read more 

by
| 1500 views | | no replies yet
Post ID: @OP+FQAJKbO

I was escorted from the base by an armed police officer

FMC is a joke. I worked for them for 11 years in the field actually making the money for the company. I was escorted from the base by an armed police officer. At least have the common decency to give me a ride home instead of making me sit on the... — read more 

by
| 2230 views | | 3 replies (last February 25, 2016)
Post ID: @OP+FQ0qh3a

Layoffs are never easy for anyone.

FMC is a really good company and unfortunately like many in the oil and gas industry have been highly affected by the low cost of oil. With that many managers were just as heart broken reading those numbers. Layoffs are never easy for anyone. Layoffs... — read more 

by
| 1930 views | | 5 replies (last February 16, 2016)
Post ID: @OP+FQ7BrKj

Valuing People?

The FMC Core Values are a joke. Valuing People? The company places absolutely no value on its employees or their skill sets. Integrity? That is a joke. Gremp and his cronies are loading up on FMC stock while it's cheap, then causing thousands of hard... — read more 

by
| 2320 views | | 4 replies (last February 6, 2016)
Post ID: @OP+FOEceO8

Start a new thread - post a news comment, question or message:

: