Thread regarding Valero Energy Corp. layoffs

Contractor Layoffs 2015

A large group of contractors was let go late last year and in January/February 2015. Things will get ugly in Q3 and Q4 if prices do not recover. Valero has been slower to move than some of the competitors but it's always laid off contractors first.

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Post ID: @AxUY1ai

3 replies (most recent on top)

why would a refiner lay off the employees with the feedstock price is decreasing? I was thinking valero is a much safer place now.

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Post ID: @AxUY1ai-2Mcm

unless the prices go up substantially, layoffs will continue through 2015. It looks bad and the number of rigs down in a short period of time exceeds the 1985 downturn. Took longer that time but this time it's plunging downward at a frightful speed.

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Post ID: @AxUY1ai-DGB

What do you guys think about Q3 2015?

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Post ID: @AxUY1ai-Wiu

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