http://www.zerohedge.com/news/2016-01-25/texas-economy-collapses-dallas-fed-survey-crashes-6-year-lows-hope-disappears
MI Swaco - still alive?
What about overseas ? Europe ?
It's all over for Manufacturing!
Schlumberger is not going to keep paying a burden rate of $167.32 per hour per employee. If oil stayed over a $100.00 they would. The bean counters have done their job. You have to ask yourself, would or could you manufacture anything at that rate?... — read more
"I am at this stage optimistic that we have completed the workforce reductions"
work harder and dont quit us, let us fire you (brilliant ceo, that's what he said last year as well).
"I am at this stage optimistic that we have completed the workforce reductions required in this downturn."
To quote the top man so I hope that at least for now the pain is over and we can get on with our jobs without having to worry all the time.
The o5858il business in the US is in the krapper
http://www.zerohedge.com/news/2016-01-22/schlumbergers-terrifying-moment-truth-about-us-energy-sector
US HealthCare Reform – punishment of unemployed having an employment gap of 3 months and longer
This is the most unprecedented nonsense in the history of humanity – penalizing unemployed for not having jobs. Instead of giving, they take away. The penalties subsidize the salaries and similar future endeavors of the ones that have come up with... — read more
Schlumberger On Review For Credit Downgrade
Along with 120 oil companies and 55 mining companies: Schlumberger is on review for credit rating downgrade. Marketwatch Article here:... — read more
Discounted CV writing, covering letters and interview coaching for Schlumberger staff. https://www.youtube.com/watch?v=OcLe0Qy5jyU
We put together the best possible CV's, covering letters and LinkedIn profiles to help our clients to find that next position in the very competitive oil & gas industry - or, in many cases, make the move to a new sector. We are experienced oil & gas... — read more
SCHLUMBERGER HAS CUT 10,000 JOBS SCHLUMBERGER NEW SHARE BUYBACK PROGRAM OF $10B APPROVED
http://www.zerohedge.com/news/2016-01-21/schlumberger-fires-10000-announces-10-billion-buyback
February it is....
a big Mgmt meetings scheduled at the end of this month, deeper layoffs and furloughs coming in February. After this week, the American oil boom is officially a bust.... Good job teammates, we done the best we could and nobody can take that away. I... — read more
Ardmore
Rumor has it that Ardmore manufacturing is relocating to China to reduce cost.
You can rent an oil tanker cheaper then a Ferrai
http://www.bloomberg.com/news/articles/2016-01-20/cheaper-than-ferraris-ship-rates-crushed-as-china-slows-chart
Wow!
Just had a meeting. 50% of oil companies drilling the the US / Canadian market will go broke and default on their bonds in the next 6 months. Employees, ground lease, then default on bonds.
new Wireline group in OKC?
Heard the other day, SLB moved a big wireline group to the OKC office. How is that possible with below $30 bbl Oil? Enlighten me wise Mgmt......
As oil dips below $30 bucks, the ole Sledge Hammer will start to fall once again
Well all, the recent drop in price of Oil has upted the ante on all these companies once again. If you thought you was safe your not, If you believe you've kissed ass better than anyone in your group, your not sucking hard enough. Suck harder! I give... — read more
Paal
That's me essentially laid off. The company is looking for alternative roles for me but let's be honest I'm gone.
I hope HR have been reading up on SLB work guidelines as they are now the brains of the company and will have to go offshore.
No more looking at facebook and you tube for them, HR have probably got about 4 in each division to do 1 job and still don't answer emails. Its amazing to see how many useless people are being kept on on
Slb transformation
All D&M bases in NAM are adapting to the new changes. One tech with 5 or more competencies on different tools. Cost slb 500% less cost by making one tech working on 5 different tools which are 5 different departments. If you don't like it you can... — read more
Oh yeah, its real bad.
http://www.theautomaticearth.com/2016/01/re-covering-oil-and-war/
Rosharon Layoffs - End of February
Reliable sources say end of February Rosharon will be hit again. RTST is will take the brunt of it. Keep your resumes updated........good luck out there!
Wireline culling more
30 UK jobs going
Oil just crossed the $29 mark. Iranian oil hits the market next week too.
http://www.thetimes.co.uk/tto/business/industries/naturalresources/article4665996.ece