Thread regarding Denbury Resources Inc. layoffs

The axe fell today

Personal at the Heidelberg field were told today layoff is coming in two weeks. Dustin gave them a two week notice and said that half of the personal would be cut at that time. Most of the personal have been with Dendury over 20 years and will average around 55, package they will receive is less than a one year salary. Wow! And Kendall is setting on 55 million dollars in free stock today, that's just wrong! I guess Dustin thinks Heidelberg plant can run without anyone.
If they decide to sue Dendury, good for them.
With the Biden administration and all the touchy feely going around today, there's not a jury in this country that would have sympathy for Denbury.

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| 2641 views | | 11 replies (last July 2, 2021) | Reply
Post ID: @OP+1bnl90ZZ

11 replies (most recent on top)

it was even mentioned in the leadership weekly video

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Post ID: @gwqp+1bnl90ZZ

It for sure happened

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Post ID: @gcpp+1bnl90ZZ

It didn’t happen……

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Post ID: @gipb+1bnl90ZZ

Replaced by machines.

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Post ID: @gmgy+1bnl90ZZ

What is the reason for the RIF??????

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Post ID: @fzoo+1bnl90ZZ

Is production down that much there? I remember when it was one of our Crown Jewels.

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Post ID: @bibu+1bnl90ZZ

Whoopee congratulate you for 20 years!

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Post ID: @7soh+1bnl90ZZ

It is true. Not a rumor.
The people getting the package will be told in the next 2 weeks.
They gave everyone a heads up it’s coming.

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Post ID: @pvu+1bnl90ZZ

Going to call BS on this rumor. There is no way this is true with the amount of positions we are hiring for. New leadership also makes a point to congratulate those with over 20 years of service.

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Post ID: @rre+1bnl90ZZ

Why are there layoffs there? How many people?
That’s pretty sorry if we are hiring so much.

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Post ID: @oll+1bnl90ZZ

We are doing an awful lot of hiring to have layoffs.....

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Post ID: @twm+1bnl90ZZ

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