Thread regarding McDermott International Inc. layoffs

CPI Savings - $156MM left to go

Looks like more CPI will be coming down early next year and this won’t be coming from the tank and pipe sale.

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Post ID: @WFcfupk

10 replies (most recent on top)

do it

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Post ID: @WFcfupk-14dzx

I vote we change the name of this site to the combination profits initiative.com. it will fool everyone into thinking that we're not a bunch of incompetent sh--heads when we cut headcount for the problems we brought on ourselves.

"Change is difficult." Goddamn straight it is when your some working stiffy trying to feed your family but you work for a company where only the benefits rise and the hardship flow down. What is the board's job?

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Post ID: @WFcfupk-3vhj

Just like any public co who has tons of debt, as the stoke price goes down the covenants get hit and the noose gets tighter. Yes the smart people saw this coming 2 years ago and left.

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Post ID: @WFcfupk-2euu

Calling CB&I employees the acquired is refreshing. No b---s--- about the co name, the office location, flex days, holidays, comp. It's McDermoot straight down the line. Stop the cultural integration playdates, CBI employees are like suspects being roughed up and shoved into the back of a squad car. No team, just the acquired and the acquirer. One by one they aregetting fed up and quitting. All we will have left will be a 1 billion in debt, no tanks & pipes, focus projects losing money with no end in sight, a bunch of other non Saudi projects losing money, no employees, an 800 lbs gorilla for a shareholder, and lots and lots of unusable paper. Think back a year ago, did anyone at MDR or CBI dream we would be in this train wreck?

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Post ID: @WFcfupk-2vts

I like "the acuquired" more than "legacy CB&I". So much softer and more inclusive.

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Post ID: @WFcfupk-2fcr

Location was selected for the convenience of DD. No other reason. If DD wanted to live up north, you would be driving up north. It's a one man company. All this glorious success are the rewards of his brilliant decision making. Anyone notice the stock hit a 52 week low today? What year is it? 2016? Let's all celebrate the laser focus of the man who said that after 5 months he understands the projects he paid $4MMM + billions in market cap for. Yes let's give a standing ovation for the new building! Have you heard what that will be like? Doesn't matter, nobody gives a sh-- what you think or I think. Oil is dropping, the tides going out. If we were bleeding to death at 60/bbl we are truly f---ed now.

Oh hey, Merry Christmas, y'all!

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Post ID: @WFcfupk-2vtj

Great news - we’ll all be together (minus CPI’d) at Energy Center 5.

Way to stand your ground. DD. Let the aquired do the drive.

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Post ID: @WFcfupk-1mel

getting time to execute "Operation Synergies"

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Post ID: @WFcfupk-1own

Can mdr recover if it’s stock hits $6.

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Post ID: @WFcfupk-1fty

Maybe I should make like a ghost and ",ghost". Wait, that wasn't as catchy as I wanted.

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Post ID: @WFcfupk-1yof

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