Any word when layoffs are coming? We all know the Rockstar Lunch that SWN management had for us was the Last Supper and how long has Way had Covid already?? And why were hardly any supervisors there in attendance?? I am ready to get my package and get off this train wreak. SWN stop keep us hostage to our packages.
6 replies (most recent on top)
All I can say is Wrong Way was the worst boss I ever had in my career.
Previous post about layoffs is from 2016.
NEW YORK (AP) — Southwestern Energy said it will cut 1,100 jobs, or about 44 percent of its workforce, as the oil and gas company deals with a drop in prices.
The company, the third-largest natural gas producer in the U.S., had about 2,500 employees before the announced layoffs, a Southwestern Energy spokeswoman said.
Southwestern Energy Co. said in a government filing Thursday that it had no drilling rigs in operation at the start the year and expects drilling activity to decline. Remaining employees will work on the company’s wells, pipelines and other operations.
An oversupply of oil and natural gas is bringing prices down. Crude prices are down about 38 percent and natural gas prices are down about 27 percent from a year ago. As a result, thousands of jobs have been slashed in the energy sector over the past year.
Southwestern Energy said the job cuts will save it about $150 million to $175 million a year. It expects the layoffs to be completed by the end of the first quarter.
Shares of the Houston company rose $1.42, or 19 percent, to close at $8.80.
The prior posts are correct. They are only missing the key information and specific details which I have here:
See more…….
NA NA NA NAAAAA
NA NA NA NAAAAA
HEY HEY HEY
GOOD BYEEEEEEE....
Sep 30 or earlier