McDermott International Inc. Layoffs

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Topics regarding layoffs at McDermott International Inc.

Never felt less appreciated, noticed, or valued.

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

Salary Freeze - No bonuses

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 next to go

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.

Town Hall

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.

AP, AR, Payroll left in woodland will be laid off

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

Workers revolting

I am hearing the other offices are planning to walkout Friday, demanding pay raises and not silly slogans.

Possible layoffs next week?

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

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.

Lutech

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.
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Post ID: @VL2mdGA

We Happy

We can do this
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Post ID: @VLYUwzW

David d---son out

The board is going to fire David d---son before the end of the year. Then begin divesting the loosing business lines.

Tyler office closing

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.

Merger in the works!

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.

Opposite Day for MDR stock

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.

Is the injunction against COO real?

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/

New Unkind of Company

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.

Our Vision and Values

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

Project Management and Purchasing

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!
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Post ID: @V6QivR7

Woodlands

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

Pulse of McDermott

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

Don't expect to see layoffs stop

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

More layoffs at McDermott International?

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

What Have We Learned?

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.

Power

I think its starting in Charlotte, no new work, and existing jobs completing. Hoping for some overseas assignments.

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