Time to make updates to your resumes ladies and gentlemen. Staff is going to get cut again. Bechtel is hiring.
6 replies (most recent on top)
They only have 25% for the Mzambique LNG which was going to be 50%! Roll now while you still can. Falling into the CB&I model of oh s_it.
True - a lot of people are leaving cause we loose money on jobs. I personally don’t care because every time we buy a job that we know we are going to loose money on is timed job security. Just don’t pay me in stock.
Umm, you have to bid to win.
We couldn’t get a deal signed (with any company!) that the client required for us to bid due to our financials.
So, doubt there are a lot of layoffs from this as it was months ago. I’d bet our voluntary exits are outpacing the layoffs in a lot of functions.
Post below about Canada LNG is one we lost already. Projects that are in the bag are already priced into our all time low stock price. I don't own MDR stock cause I lost too much on it. I hope the stock price goes up, mngt needs to be rewarded for sh--ting on us.
But if you do apply to Bechtel disguise your mdr experience. Calling it McDonald’s will be better than McDermott.
You forget that we have Canada LNG and Mozambique LNG. They are as good as in the bag plus several more Ethylene and Ammonia projects. Anyone that leaves now is galactically stupid !
And stock price ? It's gonna rise like a Phoenix from the ashes baby ! It's all about the Benjamins !
Detractors should just shut up and get back to work instead of engaging in this nonsense !