Former Hobbico employees frustrated after bankruptcy Job opportunities for Hobbico employees Hobbico employees weigh future options Hobbico assets up for auction Hobbico bankruptcy statement reveals massive debt Hobbico files for bankruptcy... — read more
GE - Baker - Weatherford
So, what are the odds that we see come sort of combining of product lines from the GE announcement of shedding Baker and the need for Weatherford to sell Business Units to manage their debt? Seems like the timeframe (2-3years) would be workable as... — read more
Labs - when will it go? Whatelse?
So, when will labs get sold? It was announced and yet it seems to drag out. Did the buyer get scared away they would be judged harshly for picking up a turd? While we are talking about sales, what about rigs? Seemed they said it was going and then it... — read more
Moral is crushed
I am fairly new to the company. From what I can tell most of the seasoned employees moral is crushed. It doesn't take long to tell how unhappy they are with the company and it's future. Is it true you guys went 4 years without any pay increase? The... — read more
S---ing the life out of the good people
I want to start by saying, if you ever consider working for this company....run. The leadership on all functions care nothing for their people nor the hard work they put in to sustain the company. It is borderline criminal, the things they do to... — read more
Camp Hope
I am very proud to be a part of this company that stands up for my fellow USN and other branches of the military veterans. I know it is hard times and we need to support our people and other veterans. My fellow teammates here at WHR want to thank the... — read more
Organic Research and Development
Sadly Weatherford (BDD) never understood the value of organic R&D. He believed in R&D through acquisition. The problem with this is twofold. First Weatherford almost always paid a premium price to acquire new technologies. Second it is static. The... — read more
Midland
Cost of living in midland is not sustainable. Schools are crap, no daycare availability, private schools have waiting lists so deep no one can get in, medical care is poor and waiting lists for Doctors, home prices are ridiculous and nothing to do... — read more
Board put on notice
Finally, some1 said it, many people in snr management have watched the fall of the company and still get hi-salary... — read more
Are we cutting expats packages?
I heard today that most expatriates with families will be repatriated in the next months. Had anyone else heard this?
New Boys on the block - Accelerating it down The drain!
https://www.oilandgas360.com/q-investments-puts-the-weatherford-board-on-notice-for-its-history-of-value-destruction-and-broken-promises/
Just sell it
Sell everything to anyone so we may have a chance to keep our job and what stock we have may be able to grow with someone else who has a board that can add 2+2 and have the answer be 4 not -44
One stop shop?
While browsing the classifieds at work, I saw an email about transformation. Apparently they will build a “Walmart like” supercentre to house all the different product lines ?
This is what happens when...
This is what happens when you change managers (VPs, Directors, Managers) every year. They come in, spend very little time figuring out who did what, put their friends and/or family members in important positions, take their big salary, and then get... — read more
Labs R US
https://www-chron-com.cdn.ampproject.org/c/s/www.chron.com/business/energy/amp/Weatherford-Is-Said-to-Plan-Sale-of-Laboratories-12985035.php
way too much nepotism.....
if you are related and good golfing buddies then you have job for life, it doesn’t matter how horrible at the job. i know a guy who is a supervisor, he broke every company rule there is and still has a job. He sleeps at work, half the time on his... — read more
Daily report
I find it a real pain to have to file a daily report on what I will be working on for that day. It is especially hard when there is nothing to do.
If laid off, do you get reimbursed for unused vacations?
Does anyone know if Weatherford reimburses employees it is layoff for their unused vacations? And vice versa, does negative vacation balance get deducted from the severance package? Thanks
Remember to Book the lowest fare .
Name/Title Total Cash Equity Other Total Compensation Krishna Shivram Former President and Chief Executive Officer $1,971,402 $3,985,264 $5,459,542 $11,416,208 Christoph Bausch Executive Vice President and CFO $887,969 $2,292,891 $629,000 $3,809,860... — read more
CEO top execs salaries
https://www1.salary.com/WEATHERFORD-INTL-PLC-Executive-Salaries.html
59 Day Layoff
Where have these happened?
No need for layoffs at West Hardy
They are just walking out.
Mumbai Engineering Centre(ESS) - 37 Employees not paid their rightful Retirement Savings for the last 10 Months!!!
Compliance is a hoax and fixed!!! Will some one investigate?
IT layoffs
There have been IT layoffs in Dubai
Tier 1 shopping for expansion opportunity
Any one else heard this in Canada. Would WFT release completions group? Maybe with cementing product line?
More layoffs in Houston
Heard engineering to be cut very deep and very soon with a lot of jobs at the top gone! Sale of fishing business as well and Artfical Lift spin off. Has anyone heard this?
from fuelfix
from fuelfix......Weatherford last found itself in hot water with the SEC three years ago when it agreed to pay $253 million to settle federal charges that it bribed officials in the Middle East and Africa to win business. The SEC confirmed the two... — read more
Very Interesting SEC filing for Q1 2018
It mentions both Switzerland and Ireland costing several million (USD) each and with zero revenue. Same for Bermuda as well. Makes me wonder what taxes they are trying to avoid Then they keep mentioning the reduction in the workforce as well as the... — read more
Oil prices booming and still no work!!
Oil heading to 100 a barrel and I’m working 40 hours week. What a piece of work this company is!
Project Managers are a JOKE
sh-- can the lot. Let operators interact directly with clients. Save some valuable dollars, operators can send emails too.
Confirmed! Sale of a few pieces and file for bankruptcy...
Just heard from a very good source, the end is nigh...
Share price rising
Weatherford doubters this is for you come on Weatherford lets get to $20 per share
That raise!
I got an incredible raise! Also now have all the overtime I want. My team is fantastic and they are actually real, caring people. Oh, I had to leave Weatherford to get it, so... People. There is life out there! And decent companies and people!
Asset sale
Wonder what other 2 assets are going to sold.
Magnus!!!
What a joke! They say testing and trial was all good. But what they are not telling everyone is that the first real job, well you can guess.
Stock
$3 a share here we come!
After five years of waiting...
I got a 29 cent raise. Wow. Not sure where I'm going to spend it all.
Swing and a Miss
Q1 released and WFT yet again misses, -0.25 rather than the -0.23 they forecast. They can't even tell you how much they are going to s--- they s--- so much. We'll get them next time! Always another quarter to go. How much did management get in bonus... — read more
Comment from Seeking Alpha this morning (23-Apr-18)
I have to say I agree with this one and find it spot on. "WFT is controlled by its creditors who may not have any incentive for the company to go under. The stock appears worthless." Full comment may be found at the following link... — read more
Lay offs
I keep hearing more layoffs are on the way. Will it be hands or managers this time?