This company is very heavy in a lot of departments considering they have no work currently. With the stock dropping one can only assume the board will ask for more cuts. Hopefully after the employees get some of their money back that was taken from... — read more
Topics regarding layoffs at Contango Oil & Gas Co.
Layoffs occurred on Aug. 26th. Fifteen plus office employees were laid off. Ages ranged from mid twenties to early 60's. It also looks like they laid off the workers with the highest salaries.
Used to work with Allan D. Keel long time ago. He's a great guy, good leader and visionary. I know that that 2015 will be tough for all but I hope you are well prepared.