At least in ITC, town halls will give you a clue on management thinking
22 replies (most recent on top)
The PDC process at Chevron is a rigged game. Seriously, it's easier for management and the company to get away with giving a posted job to an employee for whatever the reason (friends and family, affirmative action, etc.). They prefer the PDC over a ROM.
Management is saying that it is easier for them to manage a PDC than a ROM, of course.
ITC will probably go the ETC way , PDC rather than any ROM's
What is management saying ?
ITC has done through several downsizing ROMs well before the energy downturn 12-14 months ago. But, nobody is safe. Chevron will likely be downsizing ITC again since all Business Units and OPCOs are continuing to see more cuts coming up soon.
What is the latest with ITC ?
Does anyone really believe ETC is currently right sized? There is not enough work to go around. With a few exceptions, most groups have 50% staff at idle. I'm in ETC. The OP must have meant to post this topic in the 2013 section.
The senior manager the OP refers to also does stand-up comedy after hours. Apparently, he does stand-up comedy on the job too. Fire them both.
This is hilarious. The guy saying no layoffs this fall is delusional. Sorry folks, it's happening. What the original poster said holds no water.
ETC will cut personnel in the Fall. The BU's don't have the work to keep them busy. In my BU the proposed Interco WO's for ETC in 2017 is almost non existent.
Deep Water is the last frontier for major oil finds. I think Chevron will not divest key DWEP projects or the personnel necessary to run the business. If they do, it will be like cutting off your right arm. Disastrous.
There are thousands of rigs and platforms rusting. If there were indicators of oil over $60 a barrel, those rigs would be put into action. Iran is just now ramping up.
everyone is hoping for $60/bbl oil by year end but it is not going to be that high.
most projects still aren't economically feasible at $50/bbl or even $60
more cost reduction are required, meaning more layoffs
I wonder when it will be DWEP's turn ? They did not loose a single job in the ESP (same headcount) yet there is a lot less work and ALL of the middle and upper management got to keep their jobs except for a few EOIs who retired with hefty severance packages
OP, this sounds like typical corporate semantics. Keep your resume current just in case.
Hey, the future is so bright I have to wear shades. Wait, a PDC with only 20 positions is worse than a ROM. Holy sh--.
@HuIPT60-fdl Can't agree more!
Even if a PDC results in layoffs, I will still take that over a ROM. A ROM is a truly insulting and convoluted way to get rid of people while causing the most disruption and damage to morale possible. And if you think a ROM is more "objective" and "fair", you're deluding yourself. If you want to let me go, just let me go and don't make me suffer first.
nts is right. You can have a PDC with several "must move"s with less jobs available. That is typically one way of reducing the expat payroll.
ABU had a " PDF" this week. No advertising, no encouragement from management to participate / update CDP etc. If you think PDC in the current environment means no lay-offs, then you are only deluding yourself.
@mdj apparently doesn't know how PDCs work. No one is forced to take part in a PDC unlike a ROM.
At least it is good to hear the word PDC instead of ROM. Good luck to all those who survived the cuts.
A PDC with 20% less jobs is still a layoff. People will be "left standing". Chevron will offer severance with these layoffs.