Last week a group of LAPC with approved VSP exit dates of Aug had their VSP revoked. Honoring an agreement means nothing to Oxy and the upper management. They were forced to sign a new employment agreement for most with an exit of end of 2021 or 2022. Oxy will most likely be bankrupt before then which puts their severance and pension at risk. They could have honored the agreement and just brought them back contract but they enjoy hurting people. This is an incredibly toxic Corp culture that preys on people. Think about it, VH went behind the stockholders’ backs to acquire APC which she couldn’t afford to buy, the stockholders she’s supposed to ultimately work for. The unethical behavior & culture starts at the top.
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Oxy dont have the money for VSP's or CoC
They will file Chapter 11 and we will lose everything from our APC legacy
Those HR people have letters with their exit date documented and it is signed by both Oxy and the LAPCer. They are pretty binding so I can’t imagine them getting theirs revoked.
If I remember that happened to some HR people but they weren't allowed to talk about it.... and most are tied to dates in the late 2020 and early 2021 range.
Basically they were deemed essential yet Oxy was not even trying to integrate HR from the last I heard. Besides those few, I think the rest went to WES based on LinkedIn announcements.
Not shocking. There’s got to be legal recourse the LAPCers can take since they had a signed letter with an exit date.