Is there even a small chance they might offer voluntary separations? I’m sure there are people who’d be more than happy to take the money and run. It could potentially save many of us who really need this job right now. Do you think this is possible, or am I just hoping in vain?
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If your team is going through restructuring you said let your LM know what you would like a package if the opportunity arises. You may not get one. A lot of LM don't like having to make the difficult call and avoid the conversation. Much easier if someone wants to leave. I already communicated to my boss last year. At that time he said no EOI and our region isn't impacted but things can change this year. 4700 cuts is not enough if they want to save $2b. Work and processes are not going away because we aren't smart enough to simplify.
EOI will not be offered. Banking on folks leaving after reinvent options are distributed and a percentage of folks who are told their role is being moved or eliminated quit before the timeline for payout. We genuinely care about the bottom line.
Buyout costs money miserable employee quits and it costs nothing. End goal achieved
Last EOI, Looney Tunes basically said if you don't want to be part of the new strategy, feel free to leave and he made the comment that future severance packages will not be as good. He was baiting people to leave. It was only by exception that EOI's weren't accepted.
There is not a formal EOI, but if your function/location is having a reduction now is the time to talk to your management about your willingness to be unplaced. Some people have expressed this interest and it has been honored, others have been retained so no guarantees it will get you a package. If your function is in transformation in 1H2025 now is the time for those conversations.
In the call last week with “Gordon gets it done”, there was some “FAQ’s” posted after the call and it said that they will not be doing an EOI this time.
Yes, there was a time when EOI was allowed. But not in the wave I was caught up in the mid-2010s. They had countless number of meetings to decide who they wanted to place. I saw it first hand that two members of my group wanted to leave. They were denied and were told this is where you'll be placed. The female colleague said forget it. She will leave anyway and it didn't matter that there was no severance. The male colleague was angered by the refusal, and he said the same thing. They tried to bargain with him to stay another 3 months and they'll honor his request. He turned it down. With the number of years of service, I know that he would have received a generous severance. For some of us, it was more than enough to go through this "yearly" exercise that it was more than enough to stomach.
In Procurement there were no EoI and we have been informed that if you don’t accept whatever is offered it is considered a resignation with no severance. More data points on how far we have gone from truly “care” for our employees…
I thought BP was allowed to decide who is eligible for EOI. If someone is too good to lose they just can’t participate in EOI.
No, it was mentioned that last time (shockingly!) people who used this were people BP didn't want to lose
@a7+1jj6yzwq8 Out of those three, the floorsweeper is the most useful to the company. They've probably got a better strategy than GC.
I wish that were possible and would love to hear that it is. However, I suspect that after the mass exodus in 2020 after the EOI, that won't be an option. If it were, the only people left would be muzza, his girlfriend, and the floorsweeper.