Since the “no” group will be laid off first, is it possible the severance pot could severely be depleted by them, because the group may be larger than originally anticipated by IOL? I feel like I'm playing Squid game.
9 replies (most recent on top)
@16z it's all rosy until mistakes happen. Stop fixing errors and mistakes from overseas and outside contractors. The management's made their bed, now let them lie in it.
I love when our leadership say we are in a league of our own and will keep cutting until something breaks…. When live hydrocarbon lines break, explosions happen so what kind of bat shut crazy talk is this and why are the regulators allowing this to happen to Canada when we are supposed to have real regs
Ok this entry qualifies for the 10 top stup1dest questions
obliviously you don’t know your legal rights. Go hire a lawyer immediately.
@cz In theory, definitely higher risk in operating sites for the next disaster to happen. But you know what, everyone said that when IOL started reducing its staff count for the last 2 decades, and nothing really happened. So. the mother ship ExxonMobil will just keep pushing until something happened - in the meanwhile, the employee compensation (esp. pension obligation) that they save each year may be enough to pay for the disaster, so in XOM point of view, it is definitely worth it to keep cutting
@cp Lots if these people don’t realize an error by someone at an operating facility can costs 10s of millions all in (lost production, increased costs, repairs) and nobody bats an eye.
Lots of people who don’t deserve to be employed as they are essentially children in adult bodies.
Unfortunately the ones with the right work mommy or daddy will get to stay, even if totally useless.
Honestly, I thought all IOL staff are professional.....But looking at these questions....You think just laying off a couple of hundred staff will deplete IOL cash reserves ?? At most, even with more than expected number, it will be just an insignificant adjustment to the accounting entry in IOL book.
There are no stupid questions...except for this one
I don’t think there’s a finite “pot”. It’s an OPEX cost for them, they’ll be thrilled to increase short term budget and layoff even more than expected! Think of the ROI, great add to next year’s PDS.