Thread regarding Weatherford International Ltd. layoffs

Looking for a Ray of Hope - Previous Oil Slumps/Gluts Does anyone know the years of and how long the previous oil slumps lasted?

Salaries in EVERY industry are taking a nose dive right now and I need something to believe in....

by
| 1227 views | | 4 replies (last ) | Reply
Post ID: @OP+GwdI7rC

4 replies (most recent on top)

Salaries and wages haven't kept up with inflation and productivity gains over the last 30 years. I see jobs on craigslist postings that start at $10-12/hr. Twenty years ago I was making that working in a non-union factory!

by
| | Reply
Post ID: @2iaq+GwdI7rC

Reply by Original Poster:

I now work for another global company that's much larger and far better managed than WFT, I'm no longer working in O&G but I still have friends in O & G who are suffering. Salaries are also crazy low outside of the industry.

by
| | Reply
Post ID: @2vnt+GwdI7rC

Ray of hope? Find a job at a better managed company!

by
| | Reply
Post ID: @1ycj+GwdI7rC

1985-86, 1997-98, 2000-01 and 2008-09

by
| | Reply
Post ID: @1mkt+GwdI7rC

Post a reply

: