Not treated the same if the company offered severance to those asking to retire or leave. Had that happened, those let go in March-April might not have been the same people, and they might have been much happier feeling like they actually had a "voice" in the process.
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Some groups 50%...GoM BU or T&P? So stressful!
Why not treated the same? Would be given the same severance.
If the following is true -
"Severance EOI's go out in the morning with a deadline September 11 at midnight. Anonymous145053"
It means those forced into early retirement during March-April were not treated the same as those who are next. Is that grounds for legal action?
18,100 employees as of June 30, 2015. so around 1800 people will loose job. some groups definitely have deep cut around 50%.
from company's public news release:
About ConocoPhillips
ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves.
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 25 countries, $32 billion in
annualized revenue, $112 billion of total assets, and approximately 18,100 employees as of June 30, 2015.
Production, excluding Libya, averaged 1,603 MBOED for the six months ended June 30, 2015, and proved
reserves were 8.9 billion BOE as of Dec. 31, 2014. For more information, go to www.conocophillips.com.
Ken Leueers e-mail to Canada indicates 15% reduction, 400 employees and 100 contractors with the majority in Calgary. Mostly done by Thanksgiving with the big guys being the first to disappear at the end of September.
Expression of interest.
The number of employees totaled less than 17,500 in April prior to the layoffs.
what Severance EOI means? thanks
Yep...
So they are taking volunteers?
Severance EOI's go out in the morning with a deadline September 11 at midnight.
What about the RBU?
Yeah that's about one third of the people getting layed off.
WoW! This post has been viewed almost 1000 times in about an hour!
What did the supervisors one say differently?
Someone needs to post the severance email that just went out to supervisors. I haven't seen it myself yet.
Major in North America . So North America is more than 20-30%
So Ryan is saying the average company wide will be 10%? Wow surprised that low.
WARN notices are per site. Bartlesville is one site. L48 Houston is one site. Corporate Houston is one site.
This is just round 2.
After the asset sales in Q1/Q2 2016, we'll have round 3.
Then for Finance - KPMG will come tell Jeff Sheets how to re-structure and we'll have round 4.
If you make it through to 2017, you MIGHT be ok.
Speculation continues after all. Heard WARN letter to Harris County says 900.
Be careful, 12.44% can be rounded to 10%, not 15% LOL
Maybe it's not as bad as some thought?
According to the website we have ~18,000 employees worldwide. How many of those are in North America?
10% of the global total number of employees but North America will be taking most apparently.