Will there be any privacy ? Rumors are swirling around here that each task force will be assigned to one huge room to work in with a small desk for worker bees and a big desk at the front of the room to be occupied by the project manager. Never seen... — read more
We are a highly effective well organized EPC organization equipped for the most challenging projects
Apply for employment with our company where pride and integrity come together !
Victim of the downturn
I did get laid of today after working 4 hours of overtime. I am going to get paid my overtime and they are giving me almost 20,000 in severance in exchange for a promise not to sue them. They did not sick Deputy whose his face on me though. For that... — read more
Some of you will be saying bye bye tomorrow !
So long - Too Bad - So Sad -- Bye Bye ! We are an at will employer. See this document you signed your first day ? Good ..... Now allow me to introduce to you Deputy Gomez !
More layoffs on the way due to Rio Grande going to Bechtel
Time to make updates to your resumes ladies and gentlemen. Staff is going to get cut again. Bechtel is hiring.
The new offices at Eldridge are designed for production not creature comfort and so called "privacy"
Contrary to some misguided belief, coming to work is not something you are doing on your time. You are highly compensate professionals working for a fist class firm that has fallen behind some of the other majors in our industry. The management needs... — read more
Canada LNG
And possible jobs up that way. Last I heard we’ll need employees from bottom up.
Many of you will be sued for your comments on this thread.
The Layoff is a dastardly propaganda message board. For false statements made here as well as inflammatory rhetoric we will be seeking damages. Your IP addresses will be subpoenaed and you will be brought to justice. Those of you still employed will... — read more
WFT is going on with our stock price!
Exactly, WFT is what's going on with our stock price. WFT went bankrupt yesterday. Smart money is pulling away from poorly run companies with dreams of conquering the world and empty pockets.
Leadership did not understand M&A 101 (eg Asymmetric Risk)
The upside in M&A tends to be measured over a number of years. Conversely, the downside is almost immediate cataclysmic disaster. Don't know the firm they used for advice. But you never hire a brain surgeon with a big mortgage who works on... — read more
The End is Nigh
Feels like we're living through a Walking Dead rerun. Can't believe the BS coming from the execs. Everything is fine!
Mcdermott, Technology Group, The Woodlands
Any updates here?
WOO-HOO! WAY TO GO, McDERMOTT!!
The President came to visit the Cameron LNG Plant. The PRESIDENT!! Can you BELIEVE IT?! DD told us all of how proud he is! Almost sounds like he was there, was he? No? ...Oh. Well, was anyone from McDermott there? No? Really? No one from MDR or the... — read more
What's YOUR Last Straw?
Fun poll. If you've left or your looking, what pushed you over the edge? What policy, benefit cut, event, person, anything? Not the worst thing but the thing that made you decide you had enough? Or if you would quit 'csept for golden handcuffs?
Is this an option?
Is reapplying for a job at McDermott an option? Asking for a former coworker who called to ask about an open position - which left me rather confused. Is that really an option? If it is, what's going to happen with his severance if he gets a job? He... — read more
PWC
Anyone talk to PWC recently? Heard they are doing a one year review of all groups. Though the stockholders need to be doing a review of them for incompetence. Hopefully they are also reviewing the board and executives - but I’m sure those people... — read more
Safety
I’m sitting here listening to all you guys whining about safety and how everyone has the day off. I gotta go with vex on this one. Everyone else I know had to go to work. If your working for a business that’s on its last leg, you would better shut up... — read more
"Flooding" isnt that bad. Most major roadways are open.
All employees are expected to be at work this morning. Failure to do so will require you to submit PTO for hours missed. Call your project secretary if you have any questions.
HAPPY ANNIVERSARY, EVERYBODY!!
Skies are dark and menacing. Flooding just outside your doors. Hopefully you make it home alive. It's a metaphor for the company and bad decisions. But today you can wear DENIM!! That makes everything alright!! CELEBRATE!!
Tanks & Pipes
Any serious leads on who's looking to buy?
Management commentary isn’t fooling the street Just laughing and laughing at the original post. Yes, Freeport is such an unqualified success tha
Errors by CBI and MDR management just keep compounding. If you listened to the earnings call and read the filings, then the decline in share price should come as no shock. The fundamentals of the acquisition of CBI were poor from day one, while the... — read more
Chiyoda “unquantified change” in Cameron estimate
Huh...what does that mean? That the estimate to finish has increased by so much and so many times that they don’t want to be wrong...AGAIN? Or is this their first step for legal action against our incompetent management (past and present)?
Stock price one year ago was $22.
To think the stock price was $22 a year ago and I was sweating about the health of the company. Now I know that they’ll have to cut all the CBI dead weight (like everyone who came from the acquired) before they get to me.
Actually we are hiring
Not sure what some of you are talking about. We are in the black. Cameron is finishing up nicely and on a positive note. Freeport was a smashing success. We have lots of projects and we are hiring. Stop the false information. Full speed ahead ! Need... — read more
A message from "Pat S"
I realize that many of you who have been laid off as well as some you still with he firm are disillusioned about certain things and I can understand how you all may feel. You are all bright people and expect good results so it stands to reason that... — read more
GOOD FRIDAY!
Every Friday is good when I get to wear denim! Best company ever! Who's with me? High five!!
The Real Problem
The real problem is executive pay, inequality and mentality. As long as executives get paid big bonuses for increasing profits with no long term growth goals, it will continue to be a problem. The executives are just taking the shareholders money. A... — read more
I got hauled in for a disciplinary and was threatened with firing
I have only been working here since last year, but during lunchtime yesterday, I used a can opener tool in my Swiss pocket knife to open a can so i could microwave my lunch. Next thing I know the gestapo security folks surrounded me with an HR rep... — read more
Q1 Earnings Guesses
I wonder if Cameron and Freeport will be able to “hold their forecast” from last quarter. Been there, done that - at the direction of executive management. Look for “soft spots that aren’t real yet”. Though pretty much more cost overruns guaranteed... — read more
McDermott - the risk is not over yet
McDermott stock went by by 12 percent after the news of Cameron LNG commissioning. Granted it is positive news for the troubled project. But McDermott is not done with the construction cost overrun risk yet. Trains 2 and 3 still need to be built... — read more
Layoffs coming ?
I keep hearing we are going to have another layoff. I see a lot of people quitting and taking jobs elsewhere when other positions are open. Are we going to have this avalanche of layoffs that seem to be rumored ? A better question I have is how can... — read more
Fabrication Facilities Sold???
Does anyone know if the fabrication facilities have been sold. Rumor at the Walker facility is they should know in two week who purchased them. Just seeing if anyone has heard anything outside of the facility.
Laid off recently
Back to the task at hand. How many layoffs are we seeing these days? I had to lay off one of people a few months ago and I’m doing my job and pick up the load? What are you hearing.
The Feverish Signing of New Contracts Reminds One of Old CBI (and what got them in trouble)
BD chasing and signing anything they could get their hands on; Operations WARNING the qualified resources weren't there to execute the jobs; senior management responding "damn the torpedos," full steam a head. Went from Wonder to Thunder to Blunder... — read more
Why does Lummus keep having to defend itself?
I will tell you why, because they are a bunch of incompetent losers. Starting at the top. They are plagued with the dumba$$. They think they no so much when they don't know jack. Because they think they know everything, they do not listen. How much... — read more
How much is Lummus worth?
How much can we get for selling Lummus and I don’t see any integrated projects from their technologies. Isn’t this why DD bought CBI. We already had a playbook of loosing jobs. Still don’t get how Lummus helps. Seems like the tank guys are liked in... — read more
Tank sale?
Any rumors about what is going on with the tank sale? When it might happen, who the buyer will be, etc?
Spike in attrition
I usually don't pay that much attention to how many people are leaving, but lately it has reached a point where even I took notice. And it's not just employees, managers seem to be leaving McDermott in droves on their own, which is the part of all of... — read more