Twenty-one years and never once have I waivered in my loyalty to CB&I. When McDermott took over, I made a commitment to do the same with them, and I did. It’s how I was brought up. However, I have never been approached, provided any encouragement, or... read more
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Topics regarding layoffs at McDermott International Inc.
The stock is crashing and the lenders are calling in the debt. They want to get something before it is all gone. We will be bankrupt by the end of the week.
Due to increased pressure for CPI there will not be any raises or cost of living adjustments for the foreseeable future. As per S Allen and if you think that is not fair or right then the door is over there. We will continue giving targeted raises... read more
Richard H will be going with the sale of the tanks and fab shops. Along with another 2,000 from the corporate offices. Cuts will be in HR, Training, Supply Chain, Project Controls. Sorry to bear the bad news.
Can't have it both ways. Either you hire the best available resource and let the gender diversity fall where it does or aim for gender diversity and let the quality....... But the smart guys from the Town hall seems they can have it both ways. lets... read more
The official anounsment can be found at the company websight what is below is just part of the oficial release, HOUSTON, Oct. 30, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it has completed a comprehensive... read more
Has anybody heard anything about the town hall meeting tomorrow after tonight's earnings call. Rumor is all or part of the company is being sold.
If there will be no McDermott Layoffs in 2019 please say so?
Most of AP, AR & payroll that is left at the woodlands office has been advised they are getting laid off by January 15th or the 31st (or sooner). The work is being outsourced to Malaysia. The few who didn’t get a lay off letter are managers and FEW... read more
Why not discuss your good experiences or contribute better ideas?
Now is the time.
I am hearing the other offices are planning to walkout Friday, demanding pay raises and not silly slogans.
Will offshoring happen before bankruptcy? How does Indian bankruptcy law work?
I overheard today at the office we might see some more layoffs sometime next week. Anybody knows more about it? Or maybe somebody can hopefully tell me that it's just a rumor and nothing to get all worked up about (which is already too late?) I... read more
NOW IS THE TIME TO REALIZE OUR POTENTIAL AS ONE, UNIFIED ORGANISATION. OUR VISION IS ONE - IT IS DRIVEN WITH PURPOSE. IT IS DRIVEN WITH VALUES UNPARALLELED BY ANY.
Send Lutech to the border, there is a new group of designers and engineers heading this direction. Oh, wrong border. However, they are cheap. You business people are so smart these days.
We can do this
The board is going to fire David d---son before the end of the year. Then begin divesting the loosing business lines.
I saw moving boxes being readied to go to the Tyler offices. Word is they are the next to go, well most of them. Some are still guaranteed a position until some of the claims are settled along with the legal battle or the reficar lawsuit.
Good news! We are going to merge, turns out it is easier to merge with Technip since most of the leadership came from there and the COO already has all of the strategy on his google drive.
How is it that every time an award announcement is made the stock takes a hit? Is the street scared we don’t know how to make money? I’m curious too.
Who is handling the bazillions in debt now that the last guy is tossed out by Dr Jekyll? I hope it is another Technip schmuck with useful trade secrets!
all because of jeans friday. You mother fukcing ingrates don't know how good you got it!
Don’t know about you, but reading this was certainly a morale boost for me. Getting the go-ahead for a 1 billion $ project is definitely very good news, especially in times like this. Just hope that this is a sign of better times to come, or at least... read more
Is the news in the link below reliable? Could not find any other corroborating source. https://www.andrewjowett.net/2018/09/05/new-coo-barred-from-working-at-mcdermott-under-temporary-injunction/amp/
Extra hours on the road and lost flex days. No more balance in the work life push pull. Losing touch with my kiddos. More strain on my marriage. Blood pressures up. Not what I signed up for. Something's gotta give.
Or are we safe?
The video is a gathering of MDRs finest minds and I took the following inspirational notes 8 seconds: poster board reads ‘what about legal mdr projects’ 9 seconds: DD presents strategy in crayon – second poster board is of an explosion 2:30 : the guy... read more
Thank you CB&I Houston. You let Project Management and Purchasing run over the so called engineers while turning the so called engineers into clerks with CMS. You so smart! Here is your sign!
Seems like since the merger, no work if any has come in for downstream - existing projects are running their course and that's it, existing proposals not receiving much support or dropped. Maybe it's true that only technology and tanks mattered.
Other than nostalgia of the physical environment in Woodlands, there is nothing else to fondly remember. However, this a stark reminder of how corrupt and inept leadership can ruin a multi-billion company. Unfortunately, many such corrupt and inept... read more
This is a terrible place to work. Even employees who love their jobs hate this company. We have been treated shabbily. And it will continue. Layoffs. Pay cuts. Train your peers on H1B visas so they can offshore your peers. Morale is low but based on... read more
Houston-based McDermott International Inc. (NYSE: MDR) has vacated the former headquarters of Chicago Bridge and Iron Co. in The Woodlands and sold the two buildings to the Howard Hughes Corp. (NYSE: HHC), which is based in Dallas. McDermott acquired... read more
The layoffs will not stop till all but the bare minimum is left in the US. Senior managemaent and a small team of support. Everything else will be closed and moved overseas. India, Mexico, Middle East and Asia are the future of the new organization... read more
I've heard that we might be looking at another significant round of layoffs as soon as next week or the one after it. Any chance somebody here knows more about this? Whether it's true and if it is, what's going to be affected the most? Which... read more
COPY AND PASTE LINK TO READ MORE https://www.chron.com/business/energy/article/TechnipFMC-sues-McDermott-for-trade-secret-theft-13158102.php
The one thing I have learned from this board is how much hatred there is for corporate America. Listen to what the people are saying. Some listen to comment, that shows as well. May God be with all of us. United we stand, divided we fall.
I think its starting in Charlotte, no new work, and existing jobs completing. Hoping for some overseas assignments.
So how many got cut Friday? How much deeper will it all go?