Lots of layoffs coming over the next year. $70M of annual cost savings being promoted due to reductions in corporate, IT, operational and supply chain expenses.

Just announced this morning. Sold to Emco https://www.globenewswire.com/news-release/2024/12/16/2997350/0/en/MRC-Global-Announces-Sale-of-Canada-Business.html

Is anyone else hearing rumors of an imminent sale of the Canadian Division? Any truth behind it?

If you listened to the earnings call today you know to be very nervous about more layoffs

Everybody who works at MRC knows the biggest problem this company has is its middle management. It's incompetent, bloated, and never held accountable for its many mistakes. Instead, we are the ones who pay for their incompetence. Hardworking people... — read more 

Once again another round of layoffs. Approximately 500 people let go in May. For US based employees a quick phone call and your health insurance ends that day. Zero assistance in helping displaced employees find another job. This company has a... — read more 

Poor, poor....

They better make the quarterly bonus based on individual goals instead of the branch as a whole... The current approach MRC Global is taking is making no sense and a good number of top employees have left the company because of this flawed system -... — read more 

From what I understand, closing of Nitro distribution center is a part of MRC Global's announced realignment of regional distribution centers in the northeast. That is what worries me. That sounds like a continuous process that will most likely... — read more 

How likely is a merger with DNOW? One of the large shareholders is pushing for it

Just like everyone else we are affected by the drop of oil prices and things will improve only when situation with oil prices improves. Nothing else to add.