Thread regarding Saudi Aramco layoffs

The retiree health pre-65 is priced with all the other companies. What’s the point?

The new deal only affects Medicare and the 10/50 medical is unaffected. So far. The 10/50 went to 10/55 recently but that was it. If you are on the pension plan, you wouldn’t retire at 50 anyway if you do the math.

So on this retirement thing: Does it kick in at medicare eligibility or were all the retirees dumped into the insurance pool? Everybody paid premiums but nobody really ever used the insurance unless they were on vacation. How does this new deal work between retirement and medicare eligibility?

Yep. Saudis 11 - Towers 2

Saudis always win, even in America. Show me otherwise.

Stop with the racial slurs already!

I'm an American, I'm not happy at Aramco, but the racist crap is completely out of line. I get that you are frustrated, but this is totally unhelpful. The kind of thing that gets valuable information deleted and makes us look bad.

Stick to facts and keep the name calling to yourself.

Thank you

The electric bill articles are 100% funny. Is getting what you need and whining about having to pay for what you took cultural or religious?

Well sovereign immunity, which protected Aramco from the GOSI lawsuit, is gone. Let’s see who gets the last laugh this time.

Being boycotted by the saudis was a real economic booster for Qatar. Seems like being left alone by your unemployable bearded begging hole squatting extremist cousins is good for your economy. Locking them out sure isn’t affecting ours. They had to sell their bonds anyway to cover the bills for yachts and palaces and robots and damaged jesus paintings but as soon as the electric bill money starts rolling in they can kick off a new shopping spree. The looted healthcare account won’t buy near as much as air conditioning those big ISIS style segregated houses. LOL

I thought Qatar was a peninsula. Or has Saudi already finished digging the moat? Thought that would have taken longer.

Nah the saudi papers have been whining for a few months about the fall in direct foreign investment. It looks like investing in a workforce that isn’t looking for or interested in work isn’t the preferred choice. Seems Qatar is a much better investment and island or not they’re growing like crazy.
Probably because ISIS and Ta----n towns don’t look like Doha, they look like Riyadh. Has Qatar been funding Riyadh all this time?

Fake news

https://www.google.ca/amp/s/amp.businessinsider.com/saudi-arabia-foreign-capital-flight-expat-exodus-and-business-unrest-2018-7

As we all know....

Yep the saudi said it. That is the current Aramco position on western expatriate employees. Potential hire? Take note, that is the company culture you are considering. Saud-tard? Take your dam job postings to the other side of the wall. We do not need any more ungrateful beggars on our doorsteps. If everyone was begging to come to work there you wouldnt need to flood job sites looking for them would you.

I dont care whether you agree or not. The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1%. Todays news! Show me another in the East or Middle East....

I tend to agree that the West will not always be the West, its fading, which is why its no longer the Best prospect, the days of empire and exceptionalism are over. the decay of Detroit, the corruption of the Washington political process, the general malaise and entitlement attitude of the hired help... Even the West goes East, whether its manufacture of iphones from China, software from Indian programmers, taxi drivers from Pakistan or Afghanistan, spouses from Eastern Europe, but I believe this is now being recognized and even your leaders are becoming Putin's Apprentices to learn how to make a country great again. The wall should be built and other countries should pay for it in order to keep Americans where they belong...in their homeland, so they cannot interfere with the way of life in other countries. Win-Win. Bring on the Tariffs.

Interesting link. I read the plan description ... it is a PPO not a medicare supplement plan. Not sure what it consists of, but its not a "here's $145 a month now go buy you own health insurance best of luck" kinda thing. Not sure what it is costing Shell, but I bet that it is more than $145 per month.

Oh, and thank you for the comment about Asia being the future for Aramco. That is great information for any Western expat considering employment at Aramco. Just know that you are NOT the future. LOL. I presume OP was a Saudi so you have it right from the horse's mouth (or other animal of your choice).

West will always be West! You are sadly mistaken!

There's your problem right there, thinking West is best...remember the "future is East". China, India, Korea, Japan, etc...Saudi just cuts out the non value added Western middle-men and sources direct... and in terms of your "indemnity" healthcare plans by US IOCs, not in this era, just go read the layoff boards of Shell, BP, Exxon, Chevron, etc, https://www.shell.us/about-us/who-we-are/shell-alumni-in-the-americas-online/new-medicare-plan-for-two-thousand-eighteen.html

Pakistanis can buy diplomas from many prominent universities

All of the US IOCs have regular indemnity post retirement health care, as do Shell, BP, etc. But your other point is indeed correct ... the other payrolls get nothing. How's that recruiting effort going for non US payroll GC14 and below? Off camp housing and no access to Aramco schools. My group can't hire them. Period. Nothing but rejections. Next stop, India, Pakistan, etc.

BTW, no disrespect toward people from the Indian subcontinent ... we have plenty ... but they are Western educated with Western work experience.

Its more than the other payrolls get and which other US IOC has better post retirement healthcare?