Thread regarding Denbury Resources Inc. layoffs

how do you think they chose the cuts? What about warn act?

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| 2201 views | | 6 replies (last March 3, 2016) | Reply
Post ID: @OP+G7K8liI

6 replies (most recent on top)

Go to the TX Workforce Commission website. WARN notices are posted there and material is available that explains employer and employee rights.

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Post ID: @7ttn+G7K8liI

That would be something to consider if friends and family who steal OT hadn't been kept.

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Post ID: @7fks+G7K8liI

You dummies !! You were warned when you went to work in the oil and gas business !!

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Post ID: @4jtv+G7K8liI

Of course, given the significant degradation of oil prices since late 2014, and associated nd cash flows, it was obvious that DNR, like other energy firms had to reduce costs- including G&A. The indications were clear, obvious, and unmistakable. The Warn Act was probably not geared toward a whole industry meltdown. Good thing the smart and informed Denbury staff anticipated this unfortunate outcome and were either actively looking for alternatives, or socking away extra $$ to tide them over until their future was a bit clearer.

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Post ID: @1oyy+G7K8liI

Warn Act doesn't apply to all situations... read the requirements for it. Management would only have to follow Warn if they were laying off more than 30% and our cuts were nowhere near that.

Manager level and above were the ones who decided who to cut. In our department they looked at everything from performance to workload and even sick time taken over the years. When you've already trimmed your bottom performers, I'm sure it's a difficult list to make.

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Post ID: @hjm+G7K8liI

A company is not required to give any advance warning if the percentage of the layoffs is under 30 percent. Correct me if I am wrong.

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Post ID: @zvi+G7K8liI

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