Thread regarding Denbury Resources Inc. layoffs

Voluntary Separation then comes another RIF

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| 3148 views | | 17 replies (last )
Post ID: @OP+11YJSXtp

17 replies (most recent on top)

It will be interesting to see how the work for the people leaving is redistributed! I hope ultimately we end up with more workers and less “managers”!

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Post ID: @8php+11YJSXtp

Age discrimination? That makes zero sense. Which of the following is discrimination: 1) paying people for months of no work, discounted medical care, accelerated vesting or 2) keep your job

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Post ID: @8qcu+11YJSXtp

Isn’t this teetering on to age discrimination? If you want to lay off everyone 58 or older you need to bridge then to retirement. Period

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Post ID: @7hbk+11YJSXtp

Well we should definitely join the cool club then. Let’s offer our people even MOAR stuffs!

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Post ID: @7xjk+11YJSXtp

OXY had a very lucrative VSP. Five year or more with the company, you got all insurance, one year’s pay. If ten or more years up to 2 years pay. 30 plus years three years pay. PXD a and DNR both cheap VSP when compared.

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Post ID: @7voj+11YJSXtp

Rumor is that if they don’t get enough people at 58 they will lower it for a second round to 55 or older...any truth to that ?

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Post ID: @4tau+11YJSXtp

only trouble with this is the fiscally responsible good workers that can and will land new jobs are gone and the connected and poor performers stay!

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Post ID: @3pbj+11YJSXtp

Sounds like there are going to be quite a few taking the deal.

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Post ID: @3bso+11YJSXtp

But if you’re financially ready, this could be a nice quick chunk of money to use as your long term spending money in retirement.

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Post ID: @2cft+11YJSXtp

pioneers was MUCH better. But they’re in better financial shape so it makes sense.

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Post ID: @2mto+11YJSXtp

I’m eligible and received my packet. 1 month’s pay and $2k insurance stipend per year of service, maxed at 12 months. Full 2019 bonus, 2020 LTI payments, and any unused vacation paid out. I wasn’t planning on retiring, but I am going to accept and opt in.

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Post ID: @2zps+11YJSXtp

And bonus, LTIs, and insurance. I heard.

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Post ID: @1chn+11YJSXtp

Rumor is one month per year of service. Min of 6 months, max of 12.

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Post ID: @1ufm+11YJSXtp

I have heard for each year of service they give you 1 DNR share plus a lunch with the CEO.

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Post ID: @1pav+11YJSXtp

What are they offering in the package? I hope the people that can afford not to work, take it, so that those who would be financially strapped have a chance.

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Post ID: @1yas+11YJSXtp

If not enough people take it. Anyone have details yet of the offer?

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Post ID: @udm+11YJSXtp

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