What do you think about this idea? Cutting a bit here, a bit there. Focus on contractors. It'd improve the overall cost profile and help with the IPO
Topics regarding layoffs at Saudi Aramco
Anybody know if anything new is happening with aviation? Privatization? I heard their manager resigned.
Rumors of new round of layoffs coming between now and July. Any idea which departments?
Hello looking to find out if when you found out that you were not going to be extended. Did you send out resumes while working at Aramco or just wait until returning to the states and after a month or two look for another job?
I heard a rumor that Aramco will be terminating the severance pay that we are supposed to get. Everybody would get paid out for existing service, but nothing would be offered from that time forward. Any truth?
Does anyone have any idea what will happen to expats IT in the next few months/years? Lots of rumors about complete saudization.
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-04-18/hype-meets-reality-as-aramco-bonds-drop-after-unprecedented-sale Investors are already dumping Aramco’s bonds If only we had gotten the opportunity to short that IPO.... — read more
Hi Everyone, I figure that if I can't transfer, its time to go. However, there is another area under a completely different Senior VP who wants me. Conditions there seem more sane. Other people from my department have had their transfers blocked. HR... — read more
A lot of rumors going around again in light of the Sabic deal recently. I work in Aviation and have been dealing with privatization rumors for two years now. The impact it's had on me and my family has been quite stressful to say the least. Unlike... — read more
Aramco has long struggled with downstream, period. Chemicals in particular. Just look at SADARA. SABIC might not be all that, but its pretty safe to say that they have done better than Aramco. It would make sense to let the SABIC folks run the whole... — read more
For the Americans that remain ... fewer all the time ... this a relevant question. The company has already gutted the US Payroll Post Retiree Health Care. The vast majority of new hires now coming from outside the USA. While the Aramco school still... — read more
No capital funding for any projects that are required. Layoffs happening, many staff are over worked and management doesn't seem to care. Long term employees are quitting. Worst management this place has ever seen. — read more
just looking to find out if others have made the mistake of having too much being taken out of their paycheck for the US 401K plan only to learn the sup. saving plan is taxed at 38%. A fellow co. worker did this and after 23 years of saving found out... — read more
Hello been with aramco for ten years and have a pe And a master degree. Every year my pump has always been “m” but, the can’t tell me why. Has this happen to others? I am an expat — read more
Hello looking to find out if any one heard that for 2019 no extensions will be given to any expats even if E+. heard from a few in DHA
Just came across this article and I have to say that I agree with the author. The Sabic acquisition was the main point of the plan to go public and the fact that Saudi Aramco is considering alternative sources of financing this deal gives us proof... — read more
What's the situation on layoffs currently? Are we looking at more before next year?
We all know that this has been going on for too long and that the company’s IPO has been prolonged several times, so I take the statements of the company officials with a great deal of caution, but this is the first time that the company gave a... — read more
I’m starting to think the company will never go public, and that all of the announcements were just stunts. Every year they say next year and now even Nasser has no idea of when and if it will happen. Does anyone else think we are not going to see... — read more
How does the overall package at your new employment compare to Saudi Aramco? Benefits? 401K? Medical? Pension? Housing? How do the working conditions compare? Working Hours? Commute? workplace communication? performance reviews? co-workers? career... — read more
How did the exit interview go?
Quite a few expats still seem to be getting employment extensions past the age of 60. Whats the criteria?
What if any benefits have changed on global payroll recently? are they applied to existing staff?
Will this impact the Canadians expats?
https://www.chron.com/neighborhood/memorial/opinion/article/TONI-KING-Aramco-retirees-know-your-Medicare-12875424.php Do any of you Aramcons remember that little email from HR where they said they were making your post retirement health care benefits... — read more
World’s Biggest Oil Company Promised Expats Idyllic Lifestyle—Then Fire Erupted Saudi Aramco ignored warnings from its own safety experts about the construction of a compound housing foreign workers and their families. Please see the complete article... — read more
Stop spreading rumors. The layoff CRM request was closed on time and was handled correctly. It was simply rejected over and over while it was bounced from department to department because nobody knew which group was supposed to do the work. So it... — read more
I wish we could go back to the way things were. We used to be on the same team. Now it’s nothing but animosity and I don’t see the reason for it. Within aviation, the Saudis are great. Someone mentioned their skills and attitude and I have to agree... — read more
Engineering Services just had another round of layoffs yesterday. 3 from FPD, 5 from P&CSD, and I'm afraid this is not over yet. — read more
Hi Everyone, Just want to see if others are having the same experience. My department is staffed way below approved levels. We have the requisitions and have made offers, but they were turned down. There are four rejections that I know of for a fact... — read more
A few in layoffs trickling in still, power systems and some finance.... I guess trying not call attention to it. Seems, ARAMCO still not recovering. I am sure someone will debate this with unjustified enthusiasm.
Get ready... https://www.reuters.com/article/aramco-usa/saudi-aramco-looking-for-opportunities-to-expand-in-u-s-over-10-years-idUSD5N19L01U — read more
Read in an older thread that hundreds of layoffs will start next week at Saudi Aramco, anybody has any more info on this?
Uncovering corruption and scandals in Aramco is good for the success of the IPO. The young Crown Prince is a smart man, his move to bring transparency into the oil giant will put so many of the low and mid management staff out of business. However... — read more
Leaving Aramco or getting laid off starting to feel like a relief, after spending years here, you come to realize that life in the camp is more of a prison than it used to be. Aramco security starting to harass residents. Issuing violations like... — read more