You folks making these comments on here about Kingwood management and co-workers are a disgrace. How can you talk about management when you behave like Neanderthals? You are not acting any different than what your accusing them for. How are these... — read more
Did someone at KINGWOOD get fired today?
I can't stop laughing at all these posts 😂
Vernal Frac Closed?
is vernal frac location for weatherford closed?
To the poster of "WEATHERFORDS FUTURE" .... BELOW
Just read the last few posts on here, if this is not an indication of Weatherfords future I don't know what is. This is how Weatherford employees behave. Unprofessional !! Past and present employees, doesn't matter. They are or once were employed by... — read more
interesting article on oil pro.
http://oilpro.com/post/12454/weatherford-ceo-bernard-duroc-danner-calls-bottom-miserable-north?utm_campaign=newsletter412&utm_source=dailyNewsletter&utm_medium=email
There is ONE particular KINGWOOD manager that is a total BITCH
I work at KINGWOOD and people there know exactly who I am talking about.
WFT KINGWOOD THREATENS TO FIRE EMPLOYEES FOR POSTING ON THIS SITE!
It was the KINGWOOD location where they made this threat. Apparently They didn't like the things that were posted about them 2 weeks ago. Look at the post "KINGWOOD WORTHLESS MANAGERS". So those posts were discussed in their manager meeting. One... — read more
THREATING EMPLOYEES WITH TERMINATION FOR POSTING ON THIS SITE
LOOK AT POST "DID"--- someone has stated that "Weatherford" has threatened employees, saying they would be fired for posting on this site. Apparently a meeting was held in reference to this site and posting on it. HOW IS THIS POSSIBLE? f you are on... — read more
Weatherford's Future
Where do you guys see Weatherford five years from now? Is the company going to be different? Is the market going to be different? How?
Still Out Sourcing in Houma.....
So those of you that work at houma mfg are fearing another layoff is imminent...you should. You have already been through 2 rounds of layoffs (about 150), hours pretty much restricted to 40 and difficulty buying any and everything needed for daily... — read more
Will WTF be one of them?
http://www.valuewalk.com/2015/04/fracking-industry-weatherford-wft/
When will that total disaster and failure of a weatherfors CEO be fired?
This guy Bernard Duroc has destroyed your company due to his incompetence but he doesn't even have the decency to resign!
Plant Closures- Pearland and Magnolia....who's next??
http://www.chron.com/business/article/Weatherford-plans-layoffs-when-Pearland-plant-1705673.php
Did
Did Weatherford block this site from their computers? Or are people to scared to voice their opinions for fear of being fired? Don't see to many comments on here concerning the recent report. Or is everyone in some sort of shock? Or denial? Weird.
Raise your hand if you think your job is safe................
Three MANUFACTURING facilities closed by end of Q2 and 1 more MANUFACTURING facility closed after that and 60 facilities also being closed. ALL right here at home.. USA!!!! So again I ask the same question, Do you think your job is safe? HELL NO IT'S... — read more
Temporary Layoff - Canada
Since the start of Q2 Weatherford replaced the permanent layoff plus severance pay with 59 days temporary layoff and returning at the 60th day for a surprise. Since oilfield is always slow in Canadian spring/summer even if the oil price above $100... — read more
Severance Numbers Reported
During the conference call It was reported the 35 million was used for severance packages. Do the math. 6449 laid off. Some with many many years under their belt so you know their buyouts were... Well... Again... Do the math. Infuriating.
Only 6449 laid off so far. Target is now 10000
The company said that it is raising its reduction-in-force total by 2,000 to a total of 10,000. As of the end of the first quarter, Weatherford had fired 6,449 employees and reckoned that it had achieved realized annualized savings of $422 million.
How did the conference call go?
I'm trying to listen to the playback but it says it's not yet available
OWBPA site is down/changed
Well, either they are revamping the site to add the 2,000 more cuts, or they decided to stop giving everyone a heads up before the walk of shame.
Q1 misses. Reduction in force target increased to 10,000, to be completed in Q2
"We have now increased our 2015 reduction in force exercise to target 10,000 positions, in place of the previously announced 8,000, with the bulk of the increase coming in North America. " "We had also planned to shut down seven of our manufacturing... — read more
Weatherford Q1 Earnings Release Tonight at around 7pm (central time).
Check Investor Relations for more details, and to see how many more layoffs are coming.
OWBPA
Updated with April.
UK to be hit again?
Just heard another big UK layoff is coming up in May/June with the possibilities of plant closures any truth in this rumour?
Why We Should Expect More Layoffs - Examine The Financials
Separately, TheStreet Ratings team rates WEATHERFORD INTL PLC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation: "We rate WEATHERFORD INTL PLC (WFT) a SELL. This is driven by multiple weaknesses... — read more
Schlumberger cutting another 10,000 jobs.
This could confirm that WFTs latest presentation showing a 40k headcount by year end was correct. We will know more next Thursday when Q1 results are due.
PCP work sharing
Wadda people think about the work sharing at PCP?
PCP work sharing
Wadda people think about the work sharing at PCP?
Ampscot layoffs
Okay Ampscot layoffs 114 Fabrication employees to take the work to Katy Texas. What I don't understand is weatherford would sooner double the cost of transportation to a site aka( assembled gear-train on one truck to customer and then send from Katy... — read more
Scheduled conference call for Thursday, April 23, 2015 at 8:30 a.m. ET.
Weatherford has scheduled a conference call for Thursday, April 23, 2015 at 8:30 a.m. ET. The purpose of the conference call is to discuss results for the Company's first quarter ended March 31, 2015. The call will be open to the public. To access... — read more