We were told from the time Reshape was announced that much would be clear by the end of the year. It seemed like a long time away at the time. Now December is a couple of weeks away and job cuts are becoming a little clearer. What more are we likely to know by the end of December?
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"USA staff is viewed as overpriced and not corporate Puppets. They will be cut before obedient European staff that is protected by EU labor laws." From a long term former employee, this hits the nail on the proverbial head!
Besides layoffs, offshoring has become the new way for the multinationals to reduce costs associated with salary and benefits. If you are a worker in an office that preforms a repeatable task, you should be concerned that your job could be performed in a country such as India for 25% of the cost. I wonder how governments feel about losing all that income tax watching jobs shift to other countries?
What about expat staff. I imagine they will be easier to cut.
USA staff is viewed as overpriced and not corporate Puppets. They will be cut before obedient European staff that is protected by EU labour laws.
I heard Norco and Geismar are offering SVS.
I would think DS will continue to roll out decisions on Refineries that they are unable to sell. Similar to Convent they may just decide to close the Refineries and layoff the workers instead of continuing to operate at a loss.