I haven’t seen a merger, especially on this level that isn’t followed with a wide restructure within the acquired company, so we are probably bound to have the same fate. What puzzles me in this whole story is the precise logic of the potential restructure, where wil they cut, what parts will they impact the most. Thoughts
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so what does an early retirement package look like? does it include health insurance up to age 65 for retiree and family?
i have been on both sides of this situation before. yes there will be a lot of cuts .
Hey hey ho ho over over 40 and white men have got to go....says AOC
We got bought. Not a merger. You people live in lala land. Good bye.
I laugh about the over 40 thing. Let me tell you from experience . From the 2016 layoffs. I had 25 years in at Anadarko. I was 48 years old. I never had a bad performance review ever, All high reviews. I was and several others folks over 40 that were excellent employees. Now with that said when the layoffs start and trust me they will. You will have a choice taking the so called enhanced package and will have to sign a paper you will not seek a lawsuit for letting you go. Or you will be giving the less package. I know this from my experience with Anadarko. And I have know doubt Chevron will be the same. I am very happy now with my new job it took me a year or so to recover but I did. I had to spent 1 year in North Dakota and it was an experience for sure. But I work for a company now that does not just consider me as a number as someone the size of Anadarko and Chevron do, you and anyone else is expendable it does not matter what you have done for them. And life today is better than my days Anadarko. So I wish you all well but most companies get rid of there folks that they acquired through a takeover I am a former WGR employee. I experience that first hand and its regardless of your performance. So I wish you all well. Prepare your resume!!!!
Didn’t say it’s easy to prove. Just saying it will happen. And they don’t “let” you retire. You will be forced to “elect” to retire.
The whole point of a merger is to gain efficiency by having fewer resources doing the same work (heaven forbid we use the word “synergy’s”). There will not be two CEO’s and there will not be duplicate asset teams. As such, there WILL be layoffs because of this merger. That is a reality everyone should face.
Good luck trying to prove age discrimination... instead, they will “allow you” to retire and even throw you a party.
“too old, too male, and too white“... yes, and more to the point, too behind the curve on the rapid advance in tech. Some dipshit youngester can correlate the well logs and generate multiple realizations and volume uncertainty ranges in the time you are still wacking your willow on detailed core descriptions. Bang for the buck boys, no bang no bucks.
CVX stock continues to fall after the takeover. Finally someone knows the truth...
https://www.spigglelaw.com/employment-blog/employee-wins-massive-age-discrimination-lawsuit-lockheed-martin/
Read it and weep
Sorry. Agree with earlier post. White, 45+ males are out. In this industry that is too old, too male, and too white.
Regarding the post about suing for age discrimination. I agree with the other poster whos rambled on about it not being a wise strategy. Take your severance and go elsewhere. We are not in a downturn so getting a another job should be doable. God knows how many people have quit Anadarko during the past couple of years... it has been a revolving door in Denver of people leaving. However, the comment about being 50+, white and male, making you an automatic layoff candidate is just as stupid. That is clearly discrimination.
Can sue for age discrimination @ 40, ok'd or not.
On the 50+ suing statement you need to get real. Do you really think these large companies don't have it figured out. If you are offered an exit you will sign a piece of paper saying you basically waive your rights to sue. If you don't sign it you are still going to be sent out the door with less severance and benefits. Most people take the cash and have the skill set to go get another job. By the way 50 is not old, so that does not hold water either. This has happened over and over in this industry, so good luck in your legal fight while you don't have insurance or money to pay your bills. The fact you will get severance is more than most employers give outside our industry. People are let go everyday with no severance and this happens all over the world. I have been in the industry since 1980, and every company I have worked for has been sold at one point or another. It is just part of the game.
Don’t wait for your boss to call you to a side office for a chat. Start planning your exit strategy. If you think your skills are not marketable to another employer that pays like Anadarko, don’t discount “tripping and falling” in the stairwell and filing a workplace comp claim, followed up with SSDI disability.
All of us that are 50+ are going to love suing them for age discrimination!
The buyer always has its way. If you’re someone at APC who knows where all the bodies are buried, you’re safe. If you have a redundant job that Chevron already has, goodbye (unless you’re a smart woman who can keep up with the boys). Chevron is promoting and hiring these kind of women right now. If you’re a white male nearing his 50’s or beyond that, sayonara amigo!
No one at APC will be kept if there a CVX person in the role. Been through this before. They will hang together, we will hang separately.
Takeover, dude. Not a merger. We're all goners. "The last to go will see the others go before her."
Seriously, any corporate level b---s--- that CVX doesn't want will go. Look at 2016 for the stress points. The areas that got hit hardest are most expendable. That said, cutting costs is secondary to a smooth transition. I'm guessing nothing much happens until after regulatory approvals.
Not trying to pick on AAET, but all of AAET pretty early, maybe even before HSR. Whatever the Grating Dane did, her group is gone. IR and communications won't have enough "sh-- to shovel" to keep them around. Half of HR's useless functions, and half of treasury. Most admins. A third of legal. Half of backoffice, like IT, accounting, consolidations, payables, tax. But the rest go after the transition.
Trading and marketing are safe. Corporate jet stays. Drilling stays.
You'll probably be one of the first to go based on how you can't string coherent sentences together.