They are positioning to merge with Technip. Understandable perhaps, but zero core values in the process. Management is a joke - seriously. I do not know how they look at themselves in the mirror every morning. A great company has lost it's way and contrary to the news feed, it is not due to the economy. Integrity is integrity no matter what the barrel price is.
3 replies (most recent on top)
At some point people will have to acknowledge that the 'executive team' is basically just strip mining the company for all they can get before moving on.
Technip has already come out and dismissed this as a rumor. Besides of a merger does happen it will still mean large reductions in workforce.
Oil is set to hit the $20 per barrel range. At this point it's just about surviving.
But of there's no work people will still loose their jobs.
"Like"!