Thread regarding Weatherford International Ltd. layoffs

Salary cut + retirement benefit cut. What's next DD?

Now cutting the retirement benefits... No more matching on 401k.

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Post ID: @OP+GrelDSe

8 replies (most recent on top)

if you can... take your money out of WFT. If they don't match... it doesn't need to be there.

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Post ID: @2cbf+GrelDSe

Yes Canada is next. Already starting.

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Post ID: @1xxo+GrelDSe

I'm on OMAMACARE thanks to all you Weatherford folk!

You paid all $542 a month and I pay $86.

You will love it!

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Post ID: @1ivs+GrelDSe

Well I have a feeling next will be our health insurance.

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Post ID: @1nsm+GrelDSe

I just realized I'm losing a 1000$ a month as result of recent changes.....o_O

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Post ID: @sec+GrelDSe

Well.... f---

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Post ID: @wfh+GrelDSe

401 is different (us thing), but runs on the same principle as RRSP (self direcrt retirment plan). Guessing Canada's matching for RRSP is next on the chopping block.

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Post ID: @egu+GrelDSe

Is 401k the same an RRSP?

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Post ID: @qmu+GrelDSe

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