CH2M HILL has confirmed internally 5% reduction in staff. 1,500 layoffs coming. Could be more as they strive to get back to roots (basically environmental and water). No construction just engineering and consulting.
6 replies (most recent on top)
I took the early retirement, though I didn't want to. My Boss threaten me that if I didn't take the package, she would make me so miserable that I would have wish I did. It was the worst I have been treated at work in my life.... threaten, harassed, and pushed out only to be replaced by a younger employee
Before the 2014 layoff, the company offered workers the age of 55 and over an opportunity to "voluntarily retire" with a severance offer of 2 weeks pay for every year of company service - not nearly enough for anyone to truly retire. It was basically a way to get around age discrimination laws and quickly get rid of older, very experienced and higher paid workers to quickly reduce costs to obtain a new line of credit from their financial institution(s), as well as to get rid of those who held a lot of company stock. It also resulted in the departure of many employees who knew and understood the corporate culture before CEO Lee McIntyre was hired, who began to make CH2M HILL just like all the other large engineering consulting firms. When the voluntary layoff had less than 500 people accept the offer, a couple weeks later in Dec 2014 the company laid off about 800 employees. Soon after, the company got the new line of credit, and soon after that, in an AMAZING coincidence, in March 2015 the company publically announced that they were hiring to add approximately 1200 employees. In all my years of reading business pages, I never heard of a firm like CH2M HILL laying off workers only to start rehiring the same number of employees back just a few months later.
5 pct redundancy cuts last year, this year, 2015, will be even worse
It's true. I was one of those laid off. I was one of the first I hear. Through ex co-workers, I heard that the # was 1200 layoffs. There have been some general discussions about getting back to the "core roots" of the business and not chasing after certain kinds of work and basically turning down opportunities if it isnt a core strength (which I agree with). All that said, news is true
It's true, you guys are overstaffed as is
How reliable is this info? If this si true, we'll be eliminating a ton of resources, who will do work?