Anyone else heard that McDermott is laying people off?
Topics regarding layoffs at McDermott International Inc.
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.
Isn’t there some limited amount of time before shares can no longer be traded?
Date Stock Price 15-Nov 0.6 Holder Shares Date Reported % Out Value Avg share prchase price Nov 15 Value Loss Loss Percentage Blackrock Inc. 27,645,245 29-Sep-19 15.20% 55,843,394 2.02 16,587,147 (39,256,247) 0.70 Vanguard... — read more
Houston Business Journal reported former McDermott CFO picks up severance bonus on his way out.
I think we're going to find out fairly soon what the other side of bankruptcy looks like. Life will go on.
I just heard about the existence of this website......This is hilarious. For the people on here who actually work with me at McDermott, they would know that our Executives just got stock bonuses. If our management team were planning on filing for... — read more
https://www.upstreamonline.com/rigs-and-vessels/mcdermott-vessel-pair-briefly-faces-arrest/2-1-705313 Upstream reports Helix obtained arrest warrents on McDermott subsea construction support vessels North Ocean-102 and -105. Warrants were placed by... — read more
https://www.wsj.com/articles/mcdermott-investors-lent-1-7-billion-without-knowing-of-sec-probe-11573603223 Nov. 12, 2019 7:00 pm ET McDermott International Inc. investors knew they were investing in a faltering business when they extended $1.7... — read more
"I had the vision on how this could work." See! he IS a visionary leader...........
Word on the street is that CB has hit the bricks. Who will lead the power projects to finish? Go hound new clients?
The DD and the board must be rich beyond their wildest dreams.
One of the largest holders of MDR stock ( AMG Managers Fairpointe Mid Cap Fund) has eliminated its position ( 6.5 million shares) at the end of the third quarter. They took a 75 percent loss. Other institutional holders are expected to follow. The... — read more
Well, at least I have a neat story to tell my kids how I got taken to the cleaners.
When you have family, mortgage and worked hard to provide for them come home only to tell them you don’t know if you will have a job by Christmas it feels like you are worthless. When you see others that are much younger who drive the company... — read more
Messaging. Told move was delayed because of punch list items unfinished. But now we find out that that the contractor stopped work because they haven't been paid $14mn. Messaging. Told that MDR received unsolicited OFFERS (more than one?) valuing... — read more
On Nov 11, DD has to submit the final plan outlining cost to finish the focus projects. I have a feeling that if this plan is wrong, then MDR goes under. So what is the latest estimate to finish Cam & Free? What about Pemex? Any hope the bridge... — read more
What a pickle they are in.
Especially from the locations like Eldridge and OP where the leases are almost up anyway?
So is it time to start taking home coffee, Creamer’s and anything else of value in leu of payment. Starting to envy those already let go with their 2 weeks severance.
For the fake post couple days before, LUMMUS has not been sold. The earnings release and no conference call scheduled should tell you something by the "alternative process evaluation" for Lummus. The potential buyer we had couple or the management... — read more
What office are you at? How do the hallways feel? Any layoffs today , this week? Any new hires today, this week? Any news? On anything! Is your boss in the office?
Fell bad for him because he got sold a bag fo c-ap from guys like P. Mullin And as Herman remember his whole crew: scorsone, Ho, etc etc... unfortunately we all have to live with the bad decisions of a small few. Gonna be hard to get a job with... — read more
You've earned it. Yeah, it's extravagant & a burden on the co but it shows how important The People really are in this New Kind of Company! We celebrate you.