Transocean cutting shore based labor by 25%. Good luck to all!
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Not a bad severance package if you ask me.
Axe came down hard and some managers have the balls to do it on a Friday.....
It’ll be interesting how they make cuts but it’s up to the director where. Will it be Transocean only or contractors or both? Will it be at the manager level or lower? Might want to leave now while they still have money to pay you. Bankruptcy is inevitable.