Thread regarding National Oilwell Varco Inc. layoffs

NOV is laying off quietly to avoid arousing labor unions and pay affect as little severance possible

NOV is trying to layoff as many without being a news headliner.... a commentator was spot on when he said they laid people off incrementally in US, Singapore, Korea, Brazil, UK, etc.

Small enough not to arouse attention of local labor unions and get on the news, unlike Baker, Schlum, and Halli, NOV did a dick move and in locations where they can get away with minimum layoff benefits they did their number, look at US, Brazil, Singapore and Korea. The laid off get shit for redundancy benefits.

Well all is fair in this game, remember NOV is just there to get experience and move on.

For the technical college trainees, you can renegade on your contractual obligations and NOV is balless to pursue you for it, they figured that its not work the civil legal fees on their end to pursue you.

by I am Vision
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Post ID: @OP+C88ZaUP
Comment! It's anonymous!

6 replies (most recent on top)

Hi

by Anonymous134005
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Post ID: @NDTm+C88ZaUP

I don't know about labor unions but they're definitely trying to curtail the WARN Act. Google that.

by Anonymous00790210
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Post ID: @fYgv+C88ZaUP

I won't dispute the other points of your post because I have absolutely no insight into whether they are true or not, but "NOV is laying off quietly to avoid arousing labor unions" sounds more than a bit suspicious since the US labor force has almost no union presence.

by Anonymous NOV Employee
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Post ID: @eyxJ+C88ZaUP

Absolutely true. Pushing back the tech college trainees graduation. Cutting their allowance to half.

by Anonymous109814
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Post ID: @1zlN+C88ZaUP

The Technical College program is now a meat grinder for cheap staff with little benefits other than salary and overtime. It has been abused heavily to let biased managers and supers keep the trainees who brown nose their bung hole, and lay off the others before they graduate so they dont have to be on the hook to pay them bonuses.

Looks good on the end year budgets when they don't have to pay for these bonuses and established 'savings'!!!!! Lol!!!!

Good business sense to stiff your staff apprarently......

by I am Vision
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Post ID: @1opD+C88ZaUP

Supposedly all but a handful of service trainees in the Tech College go laid off and same goes with service techs within their first 2 years. I do not believe that NOV had the work for these employees nor did they want to pay the eventual bonuses due to them. Smart move financially, I suppose.

With most of this staying under the radar, aside from the announced layoff of 1,500 in Norway, it will enable NOV to emerge from this and hire new, naive employees who are in fear of working for companies like Baker, Halliburton, Schlumberger, Weatherford, etc. because of the layoffs they announced in the down market.

by Anonymous109623
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Post ID: @nze+C88ZaUP

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