Is there going to be reduction in national staff post ESP?
8 replies (most recent on top)
A Thai local newspaper reported 30-40% of Chevron Thailand locals will be cut before Aug 2016.
Yes, the article referenced below is the most complete analysis I have seen to date regarding the dividend dilemma. If you click on the article author's bio under his photo, you will see that he writes about things that are often misinterpreted or overlooked.
The article was published by Forbes, dated March 31. Here's the link. Interesting read.
http://www.forbes.com/sites/johntobey/2016/03/31/is-chevrons-debt-funded-4-5-yield-really-worth-70x-pe-300-payout/?utm_campaign=yahootix&partner=yahootix#1e4ff29049ab
John Watson and our Board of Directors are stubbornly holding on to the current dividend level and making promises to maintain it as our top priority. CVX is in deep debt trying to prop up the dividend. If the Chevron brass continues down this road, the dividend will be paid for with more job cuts - lots of cuts. Read the latest article that came out in CNBC about Chevron's dividend. It's very sobering.
Yes, there will be further cuts all over the US, especially wth oil prices in the upper 30's and likely to not crack 45 in the next 12 months.
I would hope so. It's not just Upstream employees based in the US, Upstream expats in international organizations, and PRC that got us into this mess. We were just prime for the picking. Your national day is coming.
I would say yes based on the fact that some of the BUs not currently in the ESP, are going through reorg planning to implement a new business structure based on scaled back work now available
what country ?
This ESP includes national staff