Thread regarding Weatherford International Ltd. layoffs

What’s WFT’s cost reduction target?

What’s WFT’s cost reduction target?

As of March 31, 2017, Weatherford’s management has laid off 2,500 employees of the total planned reduction of 3,000. WFT also ceased operations in six manufacturing facilities in 1Q17. In fiscal 2016, it saved $601.0 million through employee reductions and manufacturing closures. Through these optimizations and restructuring, WFT believes it has transitioned to a lower cost base. Read Market Realist’s Paying the Price: SEC Finished Investigating Weatherford to know more about WFT.

http://marketrealist.com/2017/06/weatherford-international-managements-views-for-2q17/

by Anonymous
| 3024 views | | 14 replies (last June 15, 2017) | Reply
Post ID: @OP+NG2ZOie
Comment! It's anonymous!

14 replies (most recent on top)

Would rather be homeless in Colorado than live in Texas.

by Anonymous
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Post ID: @7kmh+NG2ZOie

yall be looking forward to the move to Tejas in this environment consolidation/relocation is the plan for survival hopefully

by Anonymous
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Post ID: @7jho+NG2ZOie

CO real estate may be peaking, but this building is garbage and won't fetch a good price under any market conditions. Plus, Houston s---s donkey balls.

by The Dude
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Post ID: @6uln+NG2ZOie

For those of you who are the cream of the crop,wipe the cream off of your chin.

by Anonymous
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Post ID: @5rns+NG2ZOie

Grave dancing around this terminally ill dog

by Anonymous
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Post ID: @5muo+NG2ZOie

A technical job will pay in the 26.00 to 35.00 bracket with a supervisor even higher than that.

by Anonymous
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Post ID: @3xji+NG2ZOie

I'm a new hire and getting paid more than those who have been here for years. It's the way it falls sometimes so get over it. Would you expect anything else in this business ?

by Anonymous
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Post ID: @3ogh+NG2ZOie

Somewhat disagree with the supervisor. A portion of who is left are those who are good soldiers, and comply with the sh--ty directives... the marginal ones. Some of the ones who were let go were the good ones, but didn't tow the company line, or were a threat. Then there's those of us who left when a good opportunity came along.

Some of those good who are still there will be leaving once their opportunity comes along. Right now it's all about survival for the employees and Weatherford. The real challenge of survival for Weatherford will be when there's an abundance of opportunity elsewhere for the workers... the workers never forget....

Weatherford is also now hiring some staff at a higher rate if pay than those who had their wages rolled back. Another slap in the face to the workers.

by Anonymous
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Post ID: @3yzg+NG2ZOie

So the people who are left get paid peanuts?

by Anonymous
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Post ID: @3ivn+NG2ZOie

2tws

Please do not lump me into your generic description of management. I am a supervisor and believe that everyone that is no longer here is for a reason because they were the old weak links in the chain. The company needed to send them packing. Us left are the cream of the crop of the company.

by Anonymous
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Post ID: @2ssm+NG2ZOie

Just a bunch of haters.

by Anonymous
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Post ID: @2phi+NG2ZOie

Brown nose and act like it's a real company...

by Donkey_ick
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Post ID: @2qwx+NG2ZOie

Sh-- down labs in golden consolidate in Houston value of real estate in co is at its peak

by Anonymous
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Post ID: @1ddj+NG2ZOie

The CEO was to optimistic on oil price it is not 50-55 it is around 45 dollars and that makes a huge difference

by Anonymous
| | Reply
Post ID: @1eik+NG2ZOie

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