Thread regarding Saudi Aramco layoffs

In case you want to complain about SA

HOUSTON (Reuters) - Citgo Petroleum Corp stopped contributions to employee 401(k) retirement plans on Nov. 1 and plans to reduce salaries on Jan. 1 to cope with the effects of the coronavirus pandemic, sources familiar with the moves said.

In a statement on Friday, Citgo said it "continues to take aggressive steps to manage costs in order to navigate the challenging environment, including temporarily suspending employer contributions to the company’s 401(k) retirement plan and a 10% reduction in salaries (reduction is applied on a tiered earning level).".

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Post ID: @OP+17WhDzKt

8 replies (most recent on top)

"In the past, the Company has lowered grade codes in a cost cutting strategy to cap raises. The 10% reduction in salaries makes sense, after making a massive layoff. The company is already trying to sell its pipelines just to pay the dividends on its stock market debacle. The US expat workforce can expect more layoffs, benefit cuts and permanent curtailing of hiring of Americans; as they are just too expensive and only produce PowerPoint presentations with No Results."

I'm very sure Saudis are very effective at producing powerpoint presentations to the point and with effective implementation and results.

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Post ID: @1rbua+17WhDzKt

I've worked for many companies before and twice got a requests to repay an "overpayment" to me but never more than 3 months after departure. Well, I left Aramco more than a year and a half ago and just now they are chasing after me for $712.40 due to what they say is their mistake and it appears to be medical insurance related but there are no other details. Not sure if it’s a scam… so if you leave Aramco they reserve the right to come after you for the rest of your life?

Their letter:

Please be aware that you have a pending balance due with Saudi Aramco in the amount of 712.40 USD due to a finalization of calculations for your final pay.  Please find an invoice detailing the outstanding amount in the first attachment.

 

Kindly remit the amount due using the bank account and IBAN (SAMBA) number details in the second attachment (Employee Receivable Deposit form).  

 

Once you have remitted the funds, kindly reply to this email with a screenshot of the receipt from your bank.  Once submitted, we will confirm receipt of your email and that your balance has been settled.

 

For any further inquiries/details about the invoice, please contact the numbers below:

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Post ID: @Dvlu+17WhDzKt

Saudis are worse at trolling than they are at managing oil companies. Blame lies with management, and their inability to do anything productive. Should have opened up management to expats. Aramco pays heavily to bring over all this talent, and then doesn’t know how to use it.

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Post ID: @qauo+17WhDzKt

It's funny how the Saudis that troll this site think they are so superior to their expat colleagues. Perhaps it's their superior education system, culture or may be just their piety. They forget that those hiring these "incompetent" expats are indeed Saudis. Who are the incompetent ones again? #stopconsanguinity

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Post ID: @2fwf+17WhDzKt

It will not be business as usual as the Kingdom will face a major macro economic crisis by 2030. The expat population in the office can no longer be supported. Major changes are happening. Thousands of expats have been let go since 2015. The company is no longer willing to pay for those PowerPoint presentations and the unrelenting analysis paralysis by the US expats that promise everything but deliver nothing. It is time to send these incompetents home.

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Post ID: @feh+17WhDzKt

What's left of US expats???? I can tell you plenty of them and they are not going anywhere. This is the safest oil company among all the majors we'd rather be with right now. A few hundred got laid off isn't a sign of the apocalypse. Others have laid off 10s of 1000s or went belly up.

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Post ID: @kwv+17WhDzKt

In the past, the Company has lowered grade codes in a cost cutting strategy to cap raises. The 10% reduction in salaries makes sense, after making a massive layoff. The company is already trying to sell its pipelines just to pay the dividends on its stock market debacle. The US expat workforce can expect more layoffs, benefit cuts and permanent curtailing of hiring of Americans; as they are just too expensive and only produce PowerPoint presentations with No Results.

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Post ID: @dyj+17WhDzKt

Citgo is following Exxon’s lead on this and it is expected that all majors will follow suit. It is only a matter of time before the Company does the same to it’s US-expat workforce, or what’s left of them. Pressure is mounting to pull the trigger on massive layoffs. Exxon already started letting go of 15% of it’s workforce worldwide. It is assured that the Company will follow suit, starting with the US expats first.

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Post ID: @ghd+17WhDzKt

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