I'm certain a large portion of the staff would be willing to work a reduced work week (4 days/week) and take a 20% pay cut in lou of losing your job. At least the company is retaining workhorses (which they will eventually need when things bounce back), and avoiding the costly severance payouts (which add zero value to the company). A great idea which I hope they consider.
Saw this as a comment on a previous post thought it made sense standing on its own.
lol you're like the most retarded f---. get a life.
It was copied obviously or can't you read? Trolls always over board with the blatant cursing never anything clever to say, go sit down.
it's in lieu you stupid dumb f---ing sh-- eating inbred f---ing cunt.
"in lieu" not "in lou"
Most people are not even working 4 days a week why pay for that? Cut office hours so field staff stays on hand for when things pick up, then you can reconstitute the office hours when things get better....I bet you would even have volunteers as to a shorter work day
Their next move will be layoffs.... They have wall street to answer too and Wall Street loves layoffs. They want to see the fat get cut at 3 rigs for all lower 48 and 3-4 dry holes later from GOM, plus canceling drill ships and taking a big write down, plus not having zero opportunity for real growth. You can bet your dumbass there will be layoffs. Oil headed to 31 stay tuned wishful thinking f---s!
I think that would be a very responsible move. I'm sure we will all see what their next moves will be.
Not how that works. The oil and gas industry competes for labor with the economy as a whole and not the oil and gas industry. Employees will simply leave and go work elsewhere. And no guarantees of a bounce back as the supply and demand situation never fully supported the costs of fracking and the North American producers focused heavily on fracking. Too much of the less cost oil elsewhere in the world.