Never understood why big energy companies don't have a government backed fund in place in the event of a downturn to protect employees from layoff for a minimum one year period and keep the skills with that particular company which are vital when the recovery returns. If companies were forced or they voluntarily placed a percentage of profits/revenue in the good times then maybe events like these could be avoided? $300 million is small change over 5 years? recruiting and retraining new employees in the recovery wont be cheap many skilled people let go might not return it may take two years just to get the skill levels or work practices back in place. No business expert but could such a scheme work in practice????
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yes, great idea, lets get the government involved they do such a great job of running their own affairs. No thanks i would rather take my chances.
WFT is not interested in saving employees especially skilled old hands and would laugh at setting up a $300M fund to save employees in a downturn
Actually they do , but management and HR make sure it is only themselves that pocket all that money .
Oil companies are hated just like the banks don't think people would be happy if governments bailed them out everyone's just interested in cheap fuel
These are multinational companies. The United Nations should draft a resolution admonishing...no...make that STRONGLY admonishing companies for laying off workers.
Oil companies and service companies earn billiions in the good times and make every effort to shelter that income from US taxes. Now in a downturn, the US govt should help them out until times get better again? At over $18 trillion in debt, forget about me and my problems, my children and their children have no future to look forward to. Their lives are mortgaged to China. Call or write your confressman/woman? Are you kidding me? Those people are incapable of doing anything. If you place your hopes in them, you are lost. Rex Tillerson or John Watson should do a few years as chairman of the federal reserve or David Lesar should run for Vice President. Then you will see substantive action that will put money in all our pockets. That's where the real policymakers are - forget the House or Senate. Worthless chinwags.
Kinda like sink or swim for gmc for charging 50k for a truck that last year cost 45k. They were bailed out. Bail us out.....cars and trucks are worthless without the gasoline and oil. I just wish we could start exporting our oil. We need to get with our congress and seneta and voice our opinions on the trade embargos. We can import oil and gas but can't export it....thats stupid. OPEC is putting all of us out of jobs. They are the real terrorist. IsIS might kill a soldier but OPEC is slowly killing many American families with their tactics. If you want change call your congressman and senate members and voice your opinions. Quit being bitches and start doing something about it....
I don't get the concept at all. It's Greek to me
So you would like tax payer money to supplement an oil companies lost income due to a downturn totally controlled/created by an oil company, ie OPEC? How about the good old sink or swim philosophy for businesses, used to be the way of the world.