I usually don't pay that much attention to how many people are leaving, but lately it has reached a point where even I took notice. And it's not just employees, managers seem to be leaving McDermott in droves on their own, which is the part of all of... read more
Topics regarding layoffs at McDermott International Inc.
Competitive pay and benefits! Employee training and development! Interesting work! Great work-life balance! A bright future! Smart, industry-savvy leaders which think outside the box, with unquestionable of integrity! A track record of success in... read more
Face it. Y'all were completely wrong. No Lummus sale. No bankruptcy. No mass layoffs. Goldman didn't take over. DD is still the boss. This is the best company to work for.
Get out before this sh-- stain of a company makes your resume untouchable. Wish I left a LOOONG time ago but stuck here now.
HR (Ms. Piggy) will be hosting Kool-Aid and cookies at 2:00 pm. Come drink the Kool-Aid, it will change the way you think.
HR (Ms Piggy) will be hosting Kool-Aid and cookies today. Come all and drink the Kool-Aid. It will change the way you think.
So with the wheels coming off the legacy McD projects (less Middle East) how long can they blame all the problems on CB&I
New Kind of Company. GPLNG. Focus Projects. Fully understand. All behind us. Didn't say that, what I meant was. New Kind of Company. GPLNG. Underbid. CBI's fault. Backlog. New projects. CPI. Offshored. New Kind of Company. GPLNG. CPI stretch goals... read more
Double D lost $168,000 but why is it before the bell? Tanks sold? Wait and see.......
Or the beginning of the end. 27% drop is nothin - CBI used to drop 30% multiple times a year. Don’t fool yourselves either - this is CBI all over again. Buying projects with no understanding how to execute.
For the fourth quarter of 2018, McDermott expects to report an adverse change in estimate of approximately $168 million, due to unfavorable labor productivity, and increases in subcontract, commissioning and construction management costs.
Most combinations fail, moslty cause a culture mismatches. So sayeth HR. MDR and CBI aint a good fit, trying to make them fit would be like sending these CBI dandies to conversion therapy. It just don't work, they was born that way. No surprise if... read more
The only way to pay off banks & PIPE & end overhang of F projects. Watch.
The good news — the JV won! The bad news for McDermott folks — Chiyoda is doing pretty much all engineering (in Yoko Ono) and Zachry most of the construction (except OSBL I think though not sure what the final DOR looked like). The tanks though are... read more
It’s bad at the Plainfield office. It has been for a while. Morale is at an all time low and management purposefully keeps employees in the dark on everything. The management “style” at Plainfield is willful ignorance vague, meaningless platitudes... read more
Any factual information known about the CBI office in Plainfield? Always a lot of hearsay about building being sold, a move to Houston, pending cuts, etc. Lost lots of good people gone who had the experience and know how to get things done. All that... read more
Any word on the future of the Charlotte (power) office?
Does anyone know what the current severance package is, if any?
I just heard that the shop in Walker was sold to Brown and Root? Has anyone heard anything??
Any hints, laddies an' lasses? How much gold did Goldman go through? How unclear are the Out of Focus projects already a year since the merger was announced? Was there any real due diligence or only doo-doo diligence? Enquiring minds want to know!... read more
Another round of lay offs today. But hiring in Mexico if you want to relocate on your own with the pay cut.
Do not go to HR, you will be next on the layoff list. Best thing to do is move on. I worked on a project where the lead's daughter worked on the project as an engineer. It was a joke and destroyed moral. The lead had no business being a lead in the... read more
Departmental Managers clueless on operation Move people around like cattle No stability or consistency Not American Engineering HR sweeping stuff under the rug Parents supervising (if that is what you call it) kids Ambition low, people are given jobs... read more
I am literally working in a department where my boss also has his son working for him. And other family members as well. How do I even go about this when HR already knows. The bias is ridiculous.
Heard a rumor that Chiyoda pulled out of the MZLNG JV. Also, RGLNG is waiting for Saipem to sign the JV this month.
Talk about going from bad to worse. The cheapest possible healthcare is all we’re worth?
So as they continue the CPI layoffs in the US. Mexico is looking to hire 100 engineers for the office in Mexico City. So if our job isn’t moving to India. It’s headed to Mexico.
Are all of the CBI gone? It’s been so quiet on here lately.
No Christmas parties Departmental Managers clueless on operation Move people around like cattle No stability or consistency Not American Engineering HR sweeping stuff under the rug Parents supervising (if that is what you call it) kids Ambition low... read more
Anyone who would invest in corruption, lies and deceit are fools. It is not the CEO's fault, it is the board of directors. Vote them out are lose your money to the executives. They operate off of intimidation and bulling. What a wonderful company... read more
How bad will the quarter be? In the 4q call how many times will the ceo try to distract analysts by using buzzwords. "CPI." "One McDermott Way". "Synergies". "Focus projects." "All CBI's fault." "Underbid" "Look at that shiny object!" And now new... read more
So our stock is near worthless, we’re losing money on every major project. We’re cutting another 200m in employee costs. And shipping them overseas But we now have a long term lease on a brand new office complex in a high rent district.
Looks like more CPI will be coming down early next year and this won’t be coming from the tank and pipe sale.
Lummus is not all they are cracked up to be. Full of politics and bullies. Lummus you think you know it all, the fact is you do not know anything. Andy needs to go back to India, Pat is a nice guy but not a leader and John is a politician. Need... read more
The hot new trend in employee initiated separations. Some companies deserve it.
I left McDermott not long ago. I saw lots of companies with flex Friday schedules, good benefits, employees that like their company, and employees that think their company respects them. One company told me that they wouldn't have considered someone... read more
CB&I Houston is fighting for their lives. Years of poor management and unskilled workers are catching up with them. They figure if they point to other offices it will take the light off of them. The truth always comes out sooner or later.
Need to hire smarter people and put them in charge. How long does it take for you to realize your business model of HR, recruiters and widgets does not work? When I buy something, I want it done right. It is less expensive in the long run. It's not... read more
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