Phil Asherman in jail in Cartagena... karma!!! And Deideboun is right behind him! https://www.occrp.org/en/daily/10206-colombia-judge-issues-extradition-order-for-american-oil-executive
Topics regarding layoffs at Chicago Bridge & Iron
What are the rumors CBI folks are hearing?
CBI were taken down by debt and project losses. MDR swallowed CBI's problems whole. We learned this week that these problems are not under control. These problems are so bad one of these clowns said they are a take over defence. Nobody would be... — read more
Make a prediction and tell us what you think about Chicago Bridge and Iron Layoffs in 2019 -- Thoughts??
Is the Walker shop still open??
MCD bought a bag of crap when they bought CB&I. The CB&I executive team had already drained the company by the time MCD bought them. The technology is old and there is not many people left that know what they are doing. Got to love the business... — read more
Those that bring companies down like this should be prosecuted to the full extent of the law. What they did to enrich themselves at the expense of their employees, customers, shareholders, etc should be a criminal offense. Those that brought down... — read more
So let the redundancy reductions begin
That this company is in ruins as it winds down and is acquired, PKA. You hired bad people to do bad things all at your behest. You lied to the street with false numbers in every respect; performance, safety, quality, financials etc. There is even a... — read more
McD will keep the Eldridge location. It is currently being renovated as we speak. McD is under a lease that can't be broken. McD will continue to Lease space in the GE building on BW-8 and Clay Road. Guess what, that will be the 2 locations for... — read more
Company communications want us to get all excited about a new logo while common employees have to search the web for information because promises of "transparency" fall short. We are keot in the dark and don't know when that tap on the shoulder may... — read more
While the company burns, CBI EMT is asking the Board to increase their parting bonuses by millions. Why? Because of the 1Q financials which are a lie. They are 100's of millions off and that is what we shared with the street. We are the Enron of... — read more
It may be called a merger of so called equals, but the fact is becoming apparent that MDR is the top dog in this fight. The recent announcement of the new executive leadership. 10 MDR execs, 4 CBI execs. Given the proven incompetency of CBI... — read more
Has anyone heard the they will be closing the Tyler location? There have sure lost a lot of good engineers. I wonder what will happen to the rest of the admin, procurement and the remaining engineers.
During 2015 he was ranked by Yahoo Finance as the 2nd worst CEO out of 25. His total 2015 compensation package was $18.3 million. His total compensation from 2006-2017 was a reported $172,267,912.00 USD. That comes to an average yearly compensation... — read more
Another round of layoff for some and others will be asked to stay for 2 months to complete “critical” tasks and then be let go. Not fun times at CBI.
CB&I was known for water towers and tanks, now it is time to get to other things. Whoever thought up CMS without a total integration study and comment resolution should be fired, that was the beginning of the end. They never integrated, somebody made... — read more
One must really question the management team from McDermott. Through the entire "Merger" process there has been a lack of transparency. Numerous times what has been told to CBI folks has been the opposite of what has come to pass. Latest is that... — read more
I followed layoff for a year when my company 'merged' and noticed lots of internal intervention etc. Also heavy use by insider IT trolls. It also used auto reply bots with silly phrases not making any sense. Don't draw any final conclusions from... — read more
Opinions on the released 1st quarter numbers.
Email from McDermott CEO.... To all CB&I Employees: When we announced the plan to combine our two companies last December, I promised we would take the necessary time and care to determine the name of our new enterprise. I knew it would not be an... — read more
Shares of McDermott International Inc. MDR, +13.55% soared 19% in premarket trade Monday, while shares of Chicago Bridge & Iron Co. CBI, -16.72% which has agreed to be acquired by McDermott, sank 12% after Norway-based oil-services company Subsea 7... — read more
New management has already told us to look for jobs. Think about it. MDR already has a 3 year head start on how to work lean. Cbi has layers and layers Of engineering fat. Multiple layers of managers, directors, VPs and then everything gets check and... — read more
CB&I is broke, how broke? They signed a office lease on the bad side of town but is was cheap. Employees cars are getting broke into and people are being robbed. Yet their executives are in the Woodlands, out of harms way. They cannot even afford to... — read more
F--- it. I'm out. Only so much sh--, so much uncertainty and lack of appreciation, so many threats to my livelihood, I can take before I wake up and reclaim my self respect. Done. Done.
What offshore rosters are typical? Any idea what McDermott’s are?
What happened to all the lawsuit? If you were honest, you would not need lawyers.
What are some benefits McDermott bring to CB&I? Vacation increase?? What will the work schedule be like? Company events?? Other benefits?? — read more
That's right folks, while our once proud company goes down the tubes amidst this business combination, many of our execs are headed to Augusta on the company jet to enjoy the Masters this weekend. I sure hope they get approval from the board for the... — read more
Aappears the first to go are generally, contractors, recent new hires and deadwood. If you're a solid performer and there's work, should be ok, for now. No one is guaranteed a job or entitled to a paycheck. I heard- directs were given severance-... — read more
Worked at Shaw 11 years before co. was bought by CB&I, with CB&I 5 years. Both have been good places, surrounded by dedicated people. For most part- management has let me do my job with min. interference. CB&I has solid benefits, I hear they even... — read more
Total bull . Laid off yet the younger employee still has a job. Overloaded management , mostly paper pushers. Somebody got severance pay? Wow there lucky. — read more
CB&I is the most unethical, unprofessional and corrupt company I have ever seen. They told me I was eligible for rehire. Do not know why they think I would work for them again. Full of unskilled inexperienced workers but they are cheap, just like... — read more
I was wondering if apart from the bombastic announcements in all caps that claim major layoffs are incoming (no clues whatsoever that it's trolling, nope, not a one,) do we have any concrete info on what we might be looking at in the following... — read more