So the good engineers in Tyler could still jump ship. Other engineering firms have their sharks circling, waiting to snatch them up. Tyler has cream of the crop Process guys. If they lose those guys Tyler will be in trouble.
Proactive about cleaning dead weight from management
Only silver lining for CB&I employees now is that McDermott wants to have a functional on-shore group and they should try to preserve the workers bees. Otherwise, if CB&I let people go at the current pace, there will not be an onshore group left. At... — read more
New Company Name - McDumbit!
CB&I is full of crooks in management, why would anyone want to buy them. Notice nobody in the business bought them, they knew better. Treat your employees with respect.
"CBI is a dog with fleas"....whoa!
https://www.google.com/amp/s/seekingalpha.com/amp/article/4133003-chicago-bridge-and-irons-mcdermott-merger-opens-can-worms
HO HO
JUST READ ARTICLE WHAT DAVID d---sON EXPECTS FROM CBI FIRST HE NEEDS TO FIRE ALL MANAGEMENT SECOND HIRE BETTER ENGINEERS THIRD REPLACE MOST THE DESIGNERS THE NEW COMPANY IS MCDERMOTT! Senior management is resigning taking millions!
Awesome God
I don't know about you guys, but I serve an awesome God. He is bigger then any business all the stock markets and oil markets. With that being said I am placing my faith in Him to provide according to his will. Stop being negative and just take it... — read more
What is really Happening
CBI was purchased by McDermott for the technology Wake people! Is Deal is bad for both McDermott took on big debt they can't afford!
Timecards
Just wondering if anyone else thinks it wrong that they made us put in our time today for WE 12-24-17, so they could have it all approved by noon CST. And they threatened that if you don't that your check may be incorrect or delayed.
Hostile Enviremonet
CB&I has created a hostile environment with their poor work ethics. I am really surprised someone has not sued them yet.
McDermott thread on this site
Take a look at the McDermott CB&I thread on this site. Looks like management at CB&I will have it coming to them in the not so near future. Ouch!!
Sunland
Starting to feel like a used up h--ker as many times as we get passed around over here at Sunland. We just want some damn work, and get flurry the hell out of here.
Buyout
It's a buyout by McDermott CBI is GONE!
This is a very good deal
McDermott is overseas and offshore. Cbi is onshore. McDermott needs an engineering dept. Cbi has one. Tech is worth a Mint. This new company will get a new name. Be more robust and provide way more than cbi alone without tech. It’s a win win.
Article about so cailled Merger
Hey folks read between the lines McDermott ownership. cbi CEO is history equals they bouc technology CBI bought 6 billion dollar loan to settle debt equals cbi Gone
McDermott and CB&I to Merge
There you have it. You've seen it here on thelayoff.com last week first. Then someone posted again a day ago. So much for all of those who say this site is fake news - we'll see what happens and how things transpire, no matter what happens there will... — read more
QUESTION IS?
SOMEONE GOT THE GREEN AND WEINEY THE JOKE IS ON MCD
That's some high level mathematics
Despite my UH degree and my years of exeperience as a CBI PM. I'm failing to see how we can combine 2 market caps at ~2 Bn a piece and come up with 6 bn? Can someone help me with the math?
the devil is in the details ...
be sure and read the entire news release. $250 million in additional cost synergies - this means MORE LAYOFFS - as it is in addition to the $100 million in savings already underway by CBI.
Mullen bailing...sounds familiar!
Came in just long enough to make a mint. He and Asherman will be golfing within a few months.
McDermott is a great company
I’m excited about this, and this will help put the past where it belongs! Glad we’re keeping Technology!
Pig in a Poke
So The Who is McDermott- the What ia CBi- really didn’t think there was anyone that stupid out there to buy the whole toxic dump site. Marketing must already be out the door with that press release. Bye bye big sorry executives- they don’t need your... — read more
What is cbi Worth 8 billion Debt!
Lawsuits and No Government Bail Out Close the doors and $$$$ to upper management
Legal Troubles
Colombian lawsuit... Georgia Power lawsuit... Cameron LNG project over transportation... Huge class action lawsuit over overtime... No government bailout here boys and girls just more and more corruption at the top....
CBI: Class action lawsuit at the Cameron LNG project
Does anyone know about the class action lawsuit at the Cameron LNG project over transportation not being paid?
Today’s the day!
Any guesses on the big announcement?
Buy stocks
You won’t regret it.
Please stop the bleeding
If the rumours are true tomorrow we hear the faith of the co It is about time and whatever will happen it will be better. We still have 1 guy actually doing the job and 20 incompetent managers on top of that booking time to overhead. Most of those... — read more
CB&I and Westinghouse
Two birds. One stone. Nice shootin', The Shaw Group.
Rumor is
Reliable source says we will all be working for Honeywell next week, not just EP and LHT. Seems PM and management are ready for another big Christmas bonus! Buckle up.
Lousy managers
The person I work for only cares about one thing, looking good to her superiors, at any cost and without regard to her employees. To this person an employee is only a tool for her to use to or I should say abuse to show the higher ups her... — read more
Big news coming on the 18th
CLNG field staff have been told that big news is coming on the 18th. What is breaking on Monday?
Something right
Maybe we need to start looking to competitors to see what we can do right. I think it's comical that the green cross medal from 2015 still sits outside the main lobby when safety has most definitely taken a back burner. I think 6 or 7 ppl died onsite... — read more
Open lines of communication
PM started his reign with emails, town hall and videos. Radio silence since. In fact I haven't seen any executive leadership in the hallways in months. Would go a long way to get some communication, any communication.