Thread regarding Phillips 66 layoffs

Bonuses and Possible Salary Increases?

Shell Oil recently announced it was giving all 82,000 employees a bonus of 8% of their salary because of their record profits. Has anyone heard about Phillips 66 possibly doing the same thing?

I heard in a recent presentation from a high level P66 executive that evaluation is under way to consider adjusting salaries to match market conditions.

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Post ID: @OP+1icK8IFH

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They're going to have to start getting serious about retention. You know the attrition rate for university hires with less than 5 years experience is >20% right now? Throw pending layoffs on top of that, and the overwhelming feeling that this is going to be a lousy place to work going forward, and I'm definitely thinking about joining the newbies and jumping ship, know I'm not the only experienced engineer that is...

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Post ID: @waze+1icK8IFH

Bonuses due to record profits?

Yea, right.

These people act like they’re doing their employees a favor by LETTING them work there.

At one time, if a person submitted a cost savings of substantial value to the company, the company would give them a percentage of the cost savings. They decided that was too good of a deal so they changed it taking everyone involved to lunch. And now, they barely want to say thanks and give you a pat on the back.

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Post ID: @rlrm+1icK8IFH

I heard we are getting 10%, and a brand new car.

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Post ID: @5mnq+1icK8IFH

Not happening. Guaranteed never gonna happen at P66.

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Post ID: @qbz+1icK8IFH

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