Thread regarding Chicago Bridge & Iron layoffs

CBI really is gone... CBI will be McDermott after May 10th

Email from McDermott CEO....

To all CB&I Employees:

When we announced the plan to combine our two companies last December, I promised we would take the necessary time and care to determine the name of our new enterprise. I knew it would not be an easy decision—after all, both McDermott and CB&I have storied histories and iconic names in our industry. As you know, our name is our identity, and our identity is critically important to our future success.

I’m proud to announce today that the combined company will retain the McDermott name when the transaction closes, which we expect to be in May. We made this choice after a great deal of careful consideration, research and debate. Our approach was simple: The name had to provide a distinct, recognizable identity and a solid foundation for the new company and its future. While the CB&I brand is a powerful name in our industry, the words—Chicago Bridge & Iron—no longer represent the business as it is today nor as we want it to be going forward.

We also thought that any combination of the names CB&I and McDermott—even on an interim basis—would prevent the kind of unity, collaboration and combined culture that we need to succeed as one company. A completely new name posed other clear challenges. Without a recognizable identity, it would be almost like starting an entirely new company.

As I’ve discussed before, technology is critical to our success going forward as a combined company. CB&I’s industry-leading technology portfolio will use the Lummus brand name. For branding purposes, we will house all of the combined company’s technology initiatives, including McDermott’s “Digital Twin” software platform, under the umbrella of McDermott Technology. CB&I’s world-renowned storage tank business will keep its current CB&I branding.

We are in the process of developing a new look and logo for the combined company and have partnered with one of the world’s leading branding firms to help us with this redesign. They’ve made great progress, and I am eager to share our new visual identity with you soon.

But a name and new look are only small parts of who we are and what we do. To be successful, we need to act as one organization with one common culture. I am determined to get this right and incorporate the best of both of our companies in a way that will distinguish us in our industry and set us up for success with our customers.

By building upon the rich legacies of both McDermott and CB&I, we are creating a new kind of company – one that is built for the future of the energy industry.

Together, we have exciting days ahead.

David

by
| 3744 views | | 11 replies (last )
Post ID: @OP+SPvJS6S

11 replies (most recent on top)

Dont you guys worry about it, uncle Jim B. will be purchasing you soon enough

by
|
Post ID: @fkma+SPvJS6S

Totally agree about CMS. What CB&I did was took skilled people and turned them into clerks with all their CMS procedures. Purchasing had way to much leverage in the process and/or decision making process of CMS.

Bottom line CB&I forgot/lost how to execute a project because everyone turned to CMS, it was pushed on people. Scheduling could not schedule a project and did not give the people enough time to do their jobs. They operated in a crisis mode all the time. Except when they were playing musical chairs.

CB&I management, task force does not work and neither does CMS. You need guidelines and procedures but CMS went to far. It destroyed creative thinking and initiative.

by
|
Post ID: @3qzr+SPvJS6S

CB&I was known for water towers and tanks, now it is time to get to other things. Whoever thought up CMS without a total integration study and comment resolution should be fired, that was the beginning of the end. They never integrated, somebody made out on this and probably was rewarded, but the troops suffered. End of an era. I and others believe this brought the downfall of the company. Rather than integrating it exploded in random fireworks that bred inefficiency.

by
|
Post ID: @2mkh+SPvJS6S

"They were to scared to stand-up to the bullies."

Rather than standing up, they just ask how high when bullies ask them to jump.

by
|
Post ID: @2tdo+SPvJS6S

I cannot blame MCD for not keeping the CB&I name. The quality of work has gone down since CMS. The next best thing they could do is get rid of all of CB&I management. If not, Lummus will try to run things and they will run it into the ground just like they did CB&I. Keep in mind the managers are responsible for the way things are. They were to scared to stand-up to the bullies.

by
|
Post ID: @2cqt+SPvJS6S

Not only Fabrication, Engineering and Construction seems to be on the block too.

by
|
Post ID: @1pui+SPvJS6S

No surprise in the naming choice. It is interesting they kept the CBI name for the tank work. I bet that group gets spun off and sold.

by
|
Post ID: @1sol+SPvJS6S

Was the name decision really a surprise to anyone.

by
|
Post ID: @1idb+SPvJS6S

Will Fab Services be sold off? Is that the reason for keeping the tank part of the business named CB& I?

by
|
Post ID: @1kde+SPvJS6S

Jesus f---ing Christ does this guy write long rambling messages. Just like a kilt wearing tween girl. Nobody wants to read your dear diary passages or care about your soul searching and brilliant insights

Sure "chicago Bridge and iron" when read literally as opposed to as a proper noun does not represent our business. BUT HOW THE F--- DOES "MCDERMOTT" WHEN READ LITERALLY REPRESENT OUR BUSINESS? "We are McDermott, which is Scottish for tight fisted engineers managed by pinhead accountants. " Just more predetermined b---s--- from a guy who isn't very bright or who thinks you aren't.

by
|
Post ID: @1xzk+SPvJS6S

Rest in Pieces (RIP) CB&I. A legacy of 125 years is gone thanks to Einsteins in the Construction and Management. I simply hope that McDermott will get rid of these Construction dumb--ses and highly corrupt CB&I management without tainting the new brand.

by
|
Post ID: @zuf+SPvJS6S

Post a reply

: