What are your thoughts on how things will develop once we get acquired? Our management leaves? They cherry-pick parts of Baker and close the rest? What are your thoughts?
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Will Navigation facility be sold? Or will they keep Navigation open as part of Halliburton? Anybody heard anything?
Hah - right about the culture difference, watch this!
https://www.youtube.com/watch?v=nN7bD4cVhls&feature=youtu.be
Unless DoJ intervene, a lot of cherry-picking. Keep the best from both companies and get rid of the rest - support functions will be hammered.
This could turn into one hell of a mess in the next couple years as everyone is glossing over the big difference in culture between Baker and HAL - time to buy SLB shares!
Inteq is drilling services if you understand that directional drilling
CIS is chemical industrial services also known as PPS or process and pipeline aervices. Hope that help.
What is industrial, what is CIS ?? Please, don't speak in BHI specific anagrams, maybe we could provide a response if we knew what you were talking about or had a HAL to BHI translator. What is inteq?
Does HAL have a industrial division such as BHI CIS? Is that some that will likely stay?
Rumors I heard is Halli will have the worst of the merger in terms of divestiture. Sperry will be sold off, keeping inteq, Baroid will go, keeping baker fluids, Christiansen will be kept too removing Halli bits.
And the one I find hard to believe is Halli cementing to go with its toxicity from Macondo, keeping BJ. Anything not kept will be sold off, not closed so that workforce are part of the sell off. Support functions are at risk, HR, IT etc, product specific roles will have a little more security, unless you have no work.
Basically, management already decided that after the merger the best "athletes" will survive. Now how they define "athlete" is another question. Better experience? prime working age? physically and mentally fit? get along well with colleagues? It will take 2 to 3 years to optimize the merger so this process is going to be long and painful for all involved. you will quickly see who's your real friend and who's the enemy soon.
Possibly, C&P will be spun off, Drilling Services may partially survive and so on. The 'best athletes' may survive as communicated by upper management.
If you have someone at \Halliburton doing the same job, then yours will go, as for the rest, they will be assimilated into the collective... resistance will be futile
Agreed, corporate functions will be affected a lot. If you are in IT, HR, Marketing, Finance - you better start to plan your exit strategy. I think 50% of those functions are typically eliminated when two companies merge.
Lots of management and support functions will be let go. A few select divisions will be spun off as the government requires. Nothing of substance will be sold if HAL can help it. They are not spending 35 billion to create another competitor.
There WILL be a ton of cherry-picking, in many areas it'll be bloody (e.g., IT and HR where there are many redundancies)