AEP is laying off weekly too. Got my source from an employee. Work in AEP's bldg. less cars in parking lot, missing familiar persons in POPS's deli. Some went to Ascent, but still there are land and IT folks defiinitely laid off of late. And no turkeys or wine and bonuses due in Dec. have now been postponed to hopefully in Jan. Hey the AEP bldg on 63rd Street has xmas lights though... diamond in the rough?
5 replies (most recent on top)
Ascent Marcellus isn't Utica. Just like Chesapeake Permian basin is not the same as Chesapeake Utica.
Ascent had layoffs about 2 weeks ago. The place along with AEP seems like a house of cards.
https://www.moodys.com/research/Moodys-Downgrades-Ascent-Resources-Marcellus-to-Caa2-Outlook-Changed-to--PR_331888
I mean those with a contract not contractors.
Funny, Ascent contract employees are being paid bonuses Dec 15.
The only turkeys I can see are the people who got laid off from CHK.