Looks like the board has picked up a troll/spammer. Bankruptcy around the corner, sky is falling. Why are you still working at McDermott? If you're so certain, stop posting doom & gloom here and start posting your resume...
Topics regarding layoffs at McDermott International Inc.
Slow paying of vendors and subcontractors. Key people leaving. No new contracts (JV partnerships where MDR is the bridesmaid doesn’t count).
We are dangerously cash short. Need to come up with it fast. But oh no ! DD is first in line to get his 10 million plus bonuses so unpaid bills stacking up and potential payroll default in the future. Better sell something fast. Also, gotta pay he... read more
On July 2nd, Big Boss DD is coming to Charlotte to make a huge announcement. Why would Big Boss DD come to Charlotte? This is his first appearance in Charlotte. 3 options: Motivational Speech Closing the Office (moving division to Eldridge Rd) Sale... read more
I don't know of a single project immune of disgruntled vendors. We haven't been paying our bills. This is a problem across the company; LNG, Petrochem, Power, Offshore. What's next? Payroll? Just wait until they cut our work ours onsite...no more 50... read more
I am very concerned we are about to get cremated, sliced and diced and sold off as donor parts. I have my resume out, but no takers. With this negative balance sheet stuff happening, its hard not to wonder what's next.
Inquiring minds want to know. Is it stuffed under your mattress ? Why arent vendors being paid ? Why are payments delayed ? What is off balance sheet ?
Chatterjee Fund Management recently bought more than 10 million shares or 5.6% of the stock. These guys own the second largest petrochemical company in India and is backed by Soros. Well this is a decent sized bet even for a billionaire. Will there... read more
The banking establishment of India is looking forward to taking over McDermott while it is under Chapter 11. Once blockchain is implemented, engineering trades can effectively be streamlined with lower costs and higher profit.
Are you next ? Business is booming for the Deputy Dawg
It looks like the blood in the water has attracted the Wall St sharks. Chatterjee Fund Management has taken a 5.6% stake. I wonder what and who these guys know? The shorts just keep increasing their bets against us too, I wonder what they know! Hang... read more
Anyone get downsized, mad redundant, canned, fired or forcibly removed this week? Or is the natural attrition outpacing the terminations...and this we are hiring! Management hates it when the good ones quit...makes it harder to cut the dead weight... read more
The Layoff is a dastardly propaganda message board. For false statements made here as well as inflammatory rhetoric we will be seeking damages. Your IP addresses will be subpoenaed and you will be brought to justice. Those of you still employed will... read more
Will there be any privacy ? Rumors are swirling around here that each task force will be assigned to one huge room to work in with a small desk for worker bees and a big desk at the front of the room to be occupied by the project manager. Never seen... read more
Apply for employment with our company where pride and integrity come together !
The Pipe shops sale will be done in the second quarter. Humm? The tank division will be complete in the third quarter. We have a handle on Cameron. Just a recap and a refresher for what’s coming next quarter. Rumor has it they are giving it away.
Contrary to some misguided belief, coming to work is not something you are doing on your time. You are highly compensate professionals working for a fist class firm that has fallen behind some of the other majors in our industry. The management needs... read more
And possible jobs up that way. Last I heard we’ll need employees from bottom up.
I did get laid of today after working 4 hours of overtime. I am going to get paid my overtime and they are giving me almost 20,000 in severance in exchange for a promise not to sue them. They did not sick Deputy whose his face on me though. For that... read more
So long - Too Bad - So Sad -- Bye Bye ! We are an at will employer. See this document you signed your first day ? Good ..... Now allow me to introduce to you Deputy Gomez !
Time to make updates to your resumes ladies and gentlemen. Staff is going to get cut again. Bechtel is hiring.
Exactly, WFT is what's going on with our stock price. WFT went bankrupt yesterday. Smart money is pulling away from poorly run companies with dreams of conquering the world and empty pockets.
Any updates here?
The real problem is executive pay, inequality and mentality. As long as executives get paid big bonuses for increasing profits with no long term growth goals, it will continue to be a problem. The executives are just taking the shareholders money. A... read more
Anyone talk to PWC recently? Heard they are doing a one year review of all groups. Though the stockholders need to be doing a review of them for incompetence. Hopefully they are also reviewing the board and executives - but I’m sure those people... read more
Fun poll. If you've left or your looking, what pushed you over the edge? What policy, benefit cut, event, person, anything? Not the worst thing but the thing that made you decide you had enough? Or if you would quit 'csept for golden handcuffs?
The President came to visit the Cameron LNG Plant. The PRESIDENT!! Can you BELIEVE IT?! DD told us all of how proud he is! Almost sounds like he was there, was he? No? ...Oh. Well, was anyone from McDermott there? No? Really? No one from MDR or the... read more
Feels like we're living through a Walking Dead rerun. Can't believe the BS coming from the execs. Everything is fine!
The upside in M&A tends to be measured over a number of years. Conversely, the downside is almost immediate cataclysmic disaster. Don't know the firm they used for advice. But you never hire a brain surgeon with a big mortgage who works on... read more
Is reapplying for a job at McDermott an option? Asking for a former coworker who called to ask about an open position - which left me rather confused. Is that really an option? If it is, what's going to happen with his severance if he gets a job? He... read more
You wont want to miss it ! I got goose bumps at the last one a couple years ago.
COPY AND PASTE LINK TO READ MORE https://www.chron.com/business/energy/article/TechnipFMC-sues-McDermott-for-trade-secret-theft-13158102.php
Errors by CBI and MDR management just keep compounding. If you listened to the earnings call and read the filings, then the decline in share price should come as no shock. The fundamentals of the acquisition of CBI were poor from day one, while the... read more
I’m sitting here listening to all you guys whining about safety and how everyone has the day off. I gotta go with vex on this one. Everyone else I know had to go to work. If your working for a business that’s on its last leg, you would better shut up... read more
HR Carla needs to go clean house with those loser Rockets. Shave that stupid beard Harden!
All employees are expected to be at work this morning. Failure to do so will require you to submit PTO for hours missed. Call your project secretary if you have any questions.
Skies are dark and menacing. Flooding just outside your doors. Hopefully you make it home alive. It's a metaphor for the company and bad decisions. But today you can wear DENIM!! That makes everything alright!! CELEBRATE!!
Any serious leads on who's looking to buy?