If there will be no McDermott Layoffs in 2019 please say so?
7 replies (most recent on top)
+1
Layoffs starting after thanksgiving to help cushion the 4th quarter losses.
Offshore has been downsizing for a long time, but seems to be bottoming. Don't disagree about smaller cuts in the future, but I think most of the big cuts from the CB&I merger are done.
Your joking, right? Mcd has benn cutting jobs in the US for 4 years. They will be cutting jobs in the “new” company in the US until they have reduced headcount and salaries / Benifets to the bare minimum.
I think most of it is behind us. Some "supply chain" stuff to come, whatever that means. I'd worry if projects dry up or else DD may tee up another round of layoffs. We have a revenue problem, not a cost problem IMO. All bets are off if Cameron or some other projects falls further behind.
Yes there will be. This is a no brainer. McD is not finished with the Synergies.
Seriously?