We could be working without pay
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Topics regarding layoffs at Weatherford International Ltd.
Be careful anyone out there bc They think they own you..... even after you leave to better yourself and your family. For as many good employees that this poorly managed company has pushed out you would think they wouldn’t care if you just left on... read more
Day by day it’s getting interesting..... pick a boo doesn’t know where is head and a-- is.... ramping to 12 hrs shift work ...6 days a week thinking that he can produce 40 pumps a day. It’s interesting to see that if you don’t have enough machinist... read more
Very quiet here does this mean y’all are busy and company making money or that many layoffs happening?
Is Schlumberger buying the COROD and PCP plant in Edmonton, Canada??
Now what Weatherford's stock price is so low that it received a notice from the New York Stock Exchange that its shares are no longer in compliance with its listing standards (a stock can't trade below $1 for 30 consecutive days). So chances are... read more
At least BDD's jag would brighten up the St James parking garage
I doubt it, but I'm still holding out some hope for something positive to happen...
You know what's great about hitting rock bottom? There's only one way left to go. And that's up!
Is it just me or are layoffs the only thing that happens at Weatherford anymore? There is no actual work done, nothing productive happens... It looks like the leadership has completely lost any motivation to do something productive... I wonder how... read more
Middle and senior management let me and my coworkers down. Your mismanagement, selfishness and poor decision making has brought us to this point. You had a responsibility to all your employees to make decisions to keep the company and our jobs stable... read more
I just want everything to go back to normal again
Looks like the lay-off added new stuff. We can now react to things.. maybe Weatherford should give this feature with the choices they are making.. if we like or dislike...
So Weatherford when are you actually shutting Houma Manufacturing down. You told us March 1st! Now I’m hearing April for production and The end of May for the ultimate end. Why not make June 1st? Oh maybe your trying to screw the dedicated employees... read more
It is stating the obvious, but if WFT can’t rally today after an over 30% decline then it proves investor confidence is shot. I believe it will tumble to around 20c today and stay flat until after the holiday period.
I remember the good old days when we were trading in the three dollar range. Twenty five cents! I’d like to see what those employee stock purchase portfolios look like. LOL
Chestnuts roasting on an open fire....oh wait, those are my testic--s
When I worked there I liked my boss and my job. But back in 2012 a young fella in management was coming around the shop and throwing out perfectly good tools. He said we have lots of money to buy all new tools. I said these are perfectly good tools... read more
The one redeeming thing in all of this is Bernard and the other past and present execs who set this course are now taking a $hit kicking with all the stocks and options they were given as bonuses.
Any layoffs at Aberdeen yet?
Have to get rid of oil speculators and let oil get sold on the free market with demand/supply dynamics at work. Each company needs to set their own price for oil and sink or swim based on that. Current speculators are a mere arm of the banks.
I've been ex-WFT for some time now (Thank the Good and Merciful Lord). I have also enjoyed my (former) employee discount on my AT&T wireless plan. So I was wondering, if WFT goes tits up, will I have to start paying full price for my cell phone bill?... read more
Is there a way out of this? Or should I give up any hope and start my job search right now? I hate to admit it, but I'm one of the (apparently very) few who enjoy working for Weatherford. But the complete loss of job security has tested even my... read more
Aberdeen manufacturing will find out their future at a town hall meeting in January. Management know the date but have not informed employees
Nothing left but dumb iron?
Well, to be perfectly honest, in my humble opinion, of course without offending anyone who thinks differently from my point of view, but also by looking into this matter in a different perspective and without being condemning of one's view's and by... read more
Weatherford Receives Notice from NYSE regarding Continued Listing Standard https://finance.yahoo.com/news/weatherford-receives-notice-nyse-regarding-000000298.html?soc_src=social-sh&soc_trk=ma
WFT will NOT sell TRS or ALS now. They WILL have to sell one or the other later. This has always been the case (well for the last 4 years anyway). The other PL sales will not retire enough debt. It is a difficult choice. ALS sale kills NAM. TRS sale... read more
Am I right in thinking the share price has been less than a buck for 30 consecutive days? Does that mean the delisting process can (will?) start?
The entire second floor of Golden should be sacked. Meanwhile, they are being promoted. Hope someone from CSL recognizes that they are trash. Labs management is trying to make themselves look good. A sh-- zebra can’t change its stripes though.
Really, people. You quitting on your own right now is like giving a huge present to those on top. They want you to leave on your own. They are hoping to get rid of as many as they can that exact way. No severance, no bad publicity, no liability... read more
Makes sense, 2018 is a complete disaster anyway, take the severance as exceptionals and bonus paid on the transformation objectives.
https://www.macroaxis.com/invest/ratio/WFT--Probability_Of_Bankruptcy PROBABILITY OF BANKRUPTCY ANALYSIS For stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by... read more
Below a buck now for 21 days
it's easy to spot, it's the one car that can't park right at St. James Place what a mo--n