Sorry guys you got it wrong on the severance,
At Gremp in Houston...You get 1 week of severance for every year you worked for TechnipFMC. After ten years of severence you get 1.2 weeks of severance.
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70/530 going from Aberdeen subsea projects and shared services by end of June
You get one year severance depending on how many years you have with the company, 20 years at minimum. If you get the one year severance, you most likely won’t get unemployment benefits because your severance will put you over the state average income. You will lose your health care benefits if you don’t go with the company cobra, which is very costly. If you decide not to go with cobra, and try to get a private health care plan, good luck with that
You get one years pay as severance. Does that answer your questions?
Almost 3000 views no one adding remarks?
History does tend to repeat itself. Especially with large oil related corporations.
Severance is dependant on your term of service. At the most you'll get 6 to 12 months, taxed heavily, before time of deposit. That will also bump your gross wages for a year...
Drilling and Subsea Distribution were not the only groups hit. The layoff seemed to include everyone on the REMS side (basically the long term product design). The executive leadership informed us all several weeks ago that more would be coming shortly, although they were not specific as to when
A few people got laid off this past Monday at Gremp. Groups affected were drilling and subsea distribution
Redundancies announced Aberdeen on Tuesday. Details to be confirmed in 1-2 weeks.
Must be a real f—ing genius that started this thread
How much severence pay is provided these days by TFMC after layoffs?
Does this require a 60 day WARN notice like the one put out for recent Pennsylvania layoffs?
Only if a certain number of people or percentage (33%) of workforce at that location where the WARN notice is made are set to be fired. It would have to be a few hundred people at towers or gremp, but funny how it’s within a 30% “spending” reduction.
If a WARN notice is made, there’s a substantial layoff or closure that’s been a long time coming, not like a spending reduction or the company is trying to find its bearings in a volatile market.
Does this require a 60 day WARN notice like the one put out for recent Pennsylvania layoffs?
At 30% must go across all regions ,even with that further cuts may happen if market is still distressed in Q3.
Come on man more details! What groups? Any percentages? Any severance?
Lay offs next Thursday
What locations/roles?
It's already in progress.
We have been asked to make another employee priority list. One manager can't do this and quit already. It's going to be a bloodbath.
Is this speculation? Do you have details?
Where are you getting this info? Any of details?