McDermott International Inc. Layoffs

Topics regarding layoffs at McDermott International Inc.

Layoffs?

Anyone else heard that McDermott is laying people off?

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Post ID: @12oflN4Q

More layoffs going into the end of the year

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.

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| 351 views | |
Post ID: @12n0R0Lw

Feltham Wages

I hear some Wages have not been paid in London Feltham Office . Any truth Ruth ?

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| 457 views | |
Post ID: @12koQmSL

Wages not paid in Middle East

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.

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| 990 views | |
Post ID: @12hJw5aT

Lummus sale proceeding?

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.

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| 3137 views | |
Post ID: @128LsrUN

Leadership team is thining out

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.

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| 1886 views | |
Post ID: @127PKEnU

What then?

If McDermott does file bankruptcy, what will happen to this big Cameron job about to kick off?

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| 2412 views | |
Post ID: @126Tu0jO

Jail time for ExCom

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?

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| 712 views | |
Post ID: @126txggZ

Circling the drain now

I think we're going to find out fairly soon what the other side of bankruptcy looks like. Life will go on.

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| 956 views | |
Post ID: @121Ugyem

None of these posts are from McDermott Employees

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 

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| 2629 views | |
Post ID: @120jdp0I

Vessels were arrested

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 

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| 2614 views | |
Post ID: @1200MLik

What's up with this?!

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 

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| 1814 views | |
Post ID: @120kJhZJ

Institutional Selling

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 

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| 1148 views | |
Post ID: @11YqHsWT

What to do?

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 

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| 1526 views | |
Post ID: @11YR5fpQ

"Take a deep breath and relax..."

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 

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| 1559 views | |
Post ID: @11XJWLM1

How much to finish the Focus LNGs?

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 

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| 1088 views | |
Post ID: @11X1CQyb

Is it time to go full on enron

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.

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| 1117 views | |
Post ID: @11Ve49vD

MDR has NOT sold LUMMUS

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 

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| 1764 views | |
Post ID: @11VSiq45

Can we hear from employees please?

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?

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| 1222 views | |
Post ID: @11VlVffK

Almost feel bad for DD

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 

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| 1320 views | |
Post ID: @11VzFsQm

Happy Blue Jeans Friday!

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.

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| 676 views | |
Post ID: @11VG6R2C

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