Thread regarding Weatherford International Ltd. layoffs

Temporary Layoff - Canada

Since the start of Q2 Weatherford replaced the permanent layoff plus severance pay with 59 days temporary layoff and returning at the 60th day for a surprise.

Since oilfield is always slow in Canadian spring/summer even if the oil price above $100, returning employees will face a worst company by then without a cash flowing in to the company. Weatherford now banking on these employees not coming back in 59 days so they don't have to pay any severance. Active employees will be excited going to work every day to see if they gonna have job, getting more furlough days, pay cuts, etc

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Post ID: @OP+B9b0BLB

5 replies (most recent on top)

Weatherford problem is they are always cutting the workers instead of cutting there own pay for a change they dont care what happens to the workers so long as they can keep there standard of living.

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Post ID: @3Tg+B9b0BLB

Weatherford is doing what they do best screwing all there workers over.

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Post ID: @PRM+B9b0BLB

Weatherford is doing what they do best screwing all there workers over.

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Post ID: @kLM+B9b0BLB

Wireline and Testing, not sure about other divisions.

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Post ID: @xxn+B9b0BLB

What Division did the 59 day deal occur in??

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Post ID: @Isr+B9b0BLB

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