PA is responsible for all of this. DD did the same thing he did when he merged with CBI. Just like PA did when he bought Shaw.
Topics regarding layoffs at McDermott International Inc.
My cell service stopped completely this AM around 8am. I have to connect to WiFi to do anything. Anyone else in the same boat or know about this? I logged into The account and it said the account is locked. Uh oh. Here we go. :(. So it... — read more
January 17, 2020, 6:45 PM CST (Bloomberg) – McDermott International Inc. is preparing to file for bankruptcy as soon as next week to address its more than $4 billion debt load, according to people with knowledge of the matter. The Houston-based... — read more
McDermott failed to make an interest payment of about $69 million on Nov. 1 and the forbearance deadline expired on Wednesday. Despite the expiration of the forbearance deadline, the company said it is still negotiating with holders of the senior... — read more
That mess has not been fully resolved and hasn't helped the stock price. Will those two clowns be sent back to face the music? Getting that resolved will help our rep!
We'll keep you busy, but you need to do our job at a 10% loss. Agreed ? What say you DD ?
All they did was remind us that we signed a NDA (Non Disclosure Agreement) and that we signed on our first day as "at will" employees. That's it.
See you kiddies in the bread line !!!!
All company credit cards were cut off the end of last week by the Bank of Montreal
It’s coming... brace yourself should be within the next 24-48 hours.
Enough with the smoke and mirrors "we will tell you all about it it next week, next month, next year" I can't take all of the lies and BS anymore. Besides that now that McDermott is going bankrupt we could all be out of a job by the end of the month... — read more
Need to better manage the resources we have. Can also borrow a few more tranches if necessary and stop the gifting of directors under the guise of "retention bonuses." If directors and board members want to leave, nobody outside our sphere will... — read more
Cut main office overhead salaries by 25%. I have heard many personnel are overpaid. Many will unbelievably stay because they cannot find another job paying near the cut or will not leave their comfort zone. Good talent will leave so prepare to... — read more
They could issue say 700 or 800 million shares to come up with some cash to at least stem the tide. Get their credibility back and pay some vendors for crying out loud. If necessary, they could do it again later if needed. What are they waiting... — read more
What happens when there's just no more cash available ? And you cant borrow another dime ? You bust the joint out, that's what. I expect them to ransack and sell off everything in pieces starting with Lummus and finishing with everything that... — read more
Will our stock become delisted ? Will they keep the insane open floor plan for common employees like me ? Will they lay me or any of my coworkers off ? Will we they make payroll ? Will they get a buyer for Lummus ? Questions Questions... — read more
Thanks everybody !!!! Those of you who have been reduced you have my sympathies !!!!!!
The quality vendors and subs have gone unpaid out here where the company generates money. Apparently, the sweat dripping masses should push on so our crown jewel, OMC is fully stocked with coffee. Those of you complaining about open floor plans... — read more
Anyone else heard that McDermott is laying people off?
Is anyone else hearing of another round of layoffs going into the end of the year? Or is it select and performance related? Seems like they're starting tearing down some old fiefdoms.
Just remember that DD has vision for a ONE McDermott scheme !
I hear some Wages have not been paid in London Feltham Office . Any truth Ruth ?
Some employees don’t like the open floor plan because they say it cramps their privacy, but the collaboration benefits are enormous and the only reason many don’t like it is because they would prefer to surf the internet all day, which isn’t cool. ... — read more
Marine and dive crew wages not paid for a lot of people in the Middle East many not been paid for weeks /months in some cases no information from management in Dubai or Housten, complete Lack of respect for employees.
We need cubicles and privacy. I don’t like this new arrangement at all. They say we will collaborate better and that our productivity will go up. I say it will lead to increasingly bad moods. Of course they will tell us there’s the door if we... — read more
There is rising speculation that Lummus bids are coming in at acceptable levels. Whether the banks let us off the hook is another matter, but it's a positive if true.
Leadership team seems to be turning over (SS, SA, SM). Technip cronies, what's happening? Wonder if we're about to see some even bigger changes.
If McDermott does file bankruptcy, what will happen to this big Cameron job about to kick off?
There’s the door !
We're going from future is bright to bankruptcy in what has to be record time. SEC is investigating the disclosures around Cameron LNG. I wonder if DD, SS or others will end up in jail for fraud. Whistle blowers?
Do you predict that there will be McDermott Layoffs 2020? Any news or rumors?
Hmmm. So strange.
To everyone but YOU! Clark Griswald would be proud.