There is a silent push to “push out” those to their golden years and sprung board these high flyers.
Oh me oh my
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AGREE!!!
How true
I witnessed this personally
People should massively boycott that company along with any other likes. There are plenty of jobs out there. Take a pay cut better than running into a dead end like Shell - not worth your time and efforts. For all those younger folks with just fews years of experience, don’t waist your time with this sick company that is designed and architected by a closed circle club with all the preferaties and nepotistics already hand picked and will be always protected......no matter how performant you are, time will come where you will witness a story unfold before your eyes and gracefully exit the game.......trust me Shell is worth sh– as company, seems like all the a–holes have been gathered in there and promoted to supervisor in succession to their predecessors. I worked there before and seen all the mascaraed, so happy I changed job with a pay rise on top........please consider when making your career choices and ending up waisting time in a company that is not even worth your interview efforts....
Cash is king and loyalty ain’t no more. I’m afraid it’s goodnight Vienna for some.
You save a lot of money by firing people instead of the burden of a pay-off. We need some economic savoir faire here.
Are you frikking kidding me ?????.... just on one job referral website there are 3230 click view looking for a surface engineer job as of 8/31/2019.
https://www.indeed.com/viewjob?jk=4357f570a3244ed5&q=engineer&l=Houston,+TX&tk=1djicctkeo5td804&from=ja&alid=5c09b08245cef2c780313b31&utm_campaign=job_alerts&utm_medium=email&utm_source=jobseeker_emails&rgtk=1djicctkeo5td804
Assuming people had nothing better to do and clik to view this job, and assuming that out of these 10 % of the people actually click and applied to this job, we are looking at 323 job applicants for ONE job. Assuming the HR computer auto scanning and screen out spit out to the actual human reading the resume and accepted 5% of the pool, we are talking of 16 applicants.
I am 65 years old and had been in the oil industry for the last 30 years. I had been laid off for the last 4 years and hunting for a job ever since. My chance of even getting the interview is 0.001%.
OMG .... what is your chance if you are in my position?
The layoffs of people with the rich pensions is being down at lower levels instead of giant swaths of reorgs that affects 1000's. Instead its death of the rich pensions by a 1,000 cuts. Offload 10 here...20 there...pretty soon it adds up to real money but the disruptions are micro in scale to not cause mass panic. The results over time are the same. God speed if your over 40, have a traditional pension, and are not yet eligible for your pension. Turn around - there is a giant red X on your back. Maybe not this year but there's always next year....or the year after to dump you. There is always another reorg coming. Save your pennies and be prepared to be thrown out on your a$$ at any moment. They don't give a F about your feelings or personal situation. This is all very methodically planned. A couple years after your severed you will get an opportunity to cash out of the pension program. They make it fairly lucrative and if you run the numbers makes sense to take cash now vs. waiting until your 65 and 200 monthly payments to get to the same amount. But over the long haul Shell is going to come WAY ahead in terms of how they would have to have on their liabilities ledger for the many years. Bottom line, you were hired and worked hard to get to the pot of gold at the end of the rainbow. Then just as it is in view your GM is going to put a slide up of a reorg chart. That will be the moment you will realize your career is over with this company. Don't say you weren't warned.
Looks like dumbing down has already started on here
Easiest way to cut costs and weasel your way out of traditional pension obligations. Since the traditional pension has been replaced several years back. Watch out high flying millennials that have traditional pensions, your day in the sun is coming as well!!!
It's not surprising. Most oil firms haven't been replacing their reserves with new discoveries. Revenues dropping means companies have to cut costs. And expensive employees are going to suffer first when it comes to that sort of thing. But not the executives, of course.
Why don’t you use your severance to get an education. Study English grammar and learn how to spell.
So true
Its been really ramped up since the BG purchase. If you have a big pension but are yet eligible for the full boat lacking 80 points or 20 years of service then turn around because there is a huge target on your back. They want you out before their on their books as a big long term liability. After the BG purchase Shell has been working hard to draw down debt and liabilities. Your just an expense. Sorry but they can't afford the rich pension package they promised you. Instead here is a poultry check for your hard work and commitment over the years, not get the F out.