Are there going to be any layoffs at the refineries or the plants? If so, when?
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Campus will be gutted since they don’t make money, only a cost and do not add value. The plants actually make money, but will see some job losses but not near as much as the campus. If you’re at the campus, you better be looking around for another job at another company, if you’re at a plant, you should be looking around. There have been moves in the last 2 years where good people were moved from the campus to plants and “undesirables” were moved from plants to campus. This was done so that when the campus is shut down, it’s, “sorry, we aren’t going to have these positions anymore and we have no place for you to go, but we’ll give you a good reference...now get the hell out of here.” No discrimination lawsuits because an entire division was eliminated.
Layoffs and PIPs will be mostly overhead, i.e. campus. After that, the corpus plant will be sold to SABIC after startup with everyone there losing their jobs and maybe hired by SABIC. We don’t need that plant, we can greatly reduce headcount, and get money to pay the dividend. If we need a similar plant in 5-10 years, we can build another one, we have the recipe.
At the sites, probably only the 8% with some subset of that actually getting fired. Doubt they would mass lay off more people from the parts of the company that you know, actually generate cash, but stranger things have happened.
PIP is coming.
Instead, get rid of all those supporting staff that sit at the PALAIS and build complicated spreadsheets that no one can understand or run some useless model so that they can appear smart, all the while making a lot of money.
No, layoffs were deemed too expensive. They will fire you via MLRP or seek higher attrition through lower compensation.
Mañana !