Next week layoffs (March 28th 2016)

Heard that Tuesday and Wednesday of next week Upstream Houston based employees will be called to an individual meeting to determine their employment future with BP. Employees are advised to carry their personal belongings to this meeting (regardless if they are laid off or maintained) such that they can leave for home directly after the meeting to be sensitive to other employees.

This is an incredibly humane way to do layoffs...that said, I wish the company had been more disciplined in the "good times" such that the layoff cuts didn't have to be quite as deep. BP is slashing the most of all the oil majors.

Comment! It's anonymous!

4 replies (most recent on top)

At least 900 more will be gone before the end of the year

I heard Tuesday and Wednesday of next week March 29 and 30 were the days and that the supervisor reads from an internally prepared script. Hopefully the cuts go deep enough to move the stock. The bigger companies aren't as competitive as the independents, who they are now trying to compete against.

All Upstream employees are affected...roughly 20%. Keep in mind this was in addition to heavy reductions (among staff and contractors) that occurred last year. If the price of oil doesn't rebound, there will likely be further layoffs next year. I received a modest raise this year (can't speak for others) so that one positive that changed from as year ago when wages were frozen.

How many employees will be affected? And will there be more? Did employees get their raises this year?

Thread regarding BP PLC layoffs

Next week layoffs (March 28th 2016)

4 replies (most recent on top)

Post a reply