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Has your office / company laid people off or are you expecting layoffs? PART 8 - Page 18 - Beyond.ca - Car Forums

View Poll Results: What is your current employment status?

Voters
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  • I was laid off and haven't found SIMILAR work yet

    5 3.62%
  • I was laid off and found a new job in the same industry

    11 7.97%
  • I was laid off and found a new job/career in a different industry

    9 6.52%
  • I'm still plugging along with the same company I've always been with

    66 47.83%
  • I quit my job and went elsewhere

    18 13.04%
  • We're all fucked

    31 22.46%
  • Other

    3 2.17%
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Thread: Has your office / company laid people off or are you expecting layoffs? PART 8

  1. #341
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    ^Exactly
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  2. #342
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    Quote Originally Posted by Type_S1 View Post
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    Canadians made A LOT of money of asian companies over the past decade as they have generally 1) bought at peaks, 2) overpaid hugely both on straight buyouts or via partnerships (see Encana), and 3) bought bankrupt or near bankrupt companies for prices Canadian money would never fund. A ton of Canadian wealth has been created from asian capital infusion that far outweighs some job losses to China that would have been complete layoffs if a company like Nexen continued to run itself into the ground like they were. If anything the Chinese buyout probably preserved jobs longer then if a buyout didn’t occur in my opinion.

    Edit: this is not a personal attack, but opinions like you’ve posted are why Canada is such a disaster from top to bottom right now. People make blanket statements on things when they don’t understand the entire topic and uneducated opinions are then perpetuated nowadays compared to the past as someone can jump on a forum, twitter, or Facebook and speak nonsense as facts and convince their friends lacking knowledge on the subject to hold the same opinion. This lack of understanding also leads to political leaders like Notley being elected and then with a straight face people can say “Notley is doing good and fighting for O&G”. End rant.
    You make some fair points but it’s almost impossible to prove one way or another. Some people came out ahead for sure with Nexen sale, but is that better than losing all the good paying Canadian jobs to Chinese expats / people operating the company in China? Would nexen really be bankrupt right now if the Chinese takeover didn’t happen? How about if things recover? Now we would have a big Chinese company basically pillaging Canada without much long term benefit for us.

    Anyways I’ll admit that was a pretty shallow blanket statement with no depth, but I stand by my point that we don’t know for sure if this was best for Canada as a whole at this point. Time will tell I suppose and as a Canadian I would love to see this in 30 years from now as a case study on how China got screwed back in the 2010s buying this shit company
    Last edited by sabad66; 04-12-2019 at 06:47 AM.

  3. #343
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    My buddy who works at Nexen said the target was 47% G&A cut.

  4. #344
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    Lots of companies have been 'saved' by Chinese buyers who want a Canadian Laundromat, like Long Run. With every one I'm familiar with, the pattern is roughly the same with them coming in at the 11th hour and grossly overpaying for the assets without any due diligence. Without a doubt it helps people keep their jobs when times are tough (which is a net positive benefit IMO), but those same people usually start looking for jobs immediately and only stay around until they get hired elsewhere. The G&A penny pinching is insane, but they will throw money around like it's nothing at pretty much anything else, like other bad investments.

  5. #345
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    Buddy of mine said it was the best thing ever when Nexen got bought out, all his options vested immediately, then they paid huge retention bonuses to keep people around, and then when he finally got laid off he got a big severance package. At that time, the market wasn't even that bad and he got a new job in 3 months.

  6. #346
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    Looks like 735 Devon employees have a new home now. Anyone surprised it's CNRL?

  7. #347
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    They going to take all the people?

  8. #348
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    Quote Originally Posted by lasimmon View Post
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    They going to take all the people?
    News release mentioned 735, I assume that's all of them since a lot went over in 2014 when CNRL acquired the conventional Devon assets.

  9. #349
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    Quote Originally Posted by Aleks View Post
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    Looks like 735 Devon employees have a new home now. Anyone surprised it's CNRL?
    Not at all, I have been joking that eventually CNRL will be the only production company left in Canada.
    Originally posted by lint
    Who the f*ck cares what brand of protein a weak ass sissy takes? Or what exercises a weak ass sissy does?
    Originally posted by slinkie
    to each haters of "milk" your eating like a b!tch so ur gonna stay a b!tch. eat some cow eat some pizza eat cow in pasta cow in bread cow with cheese drink cow. look at cows there big eat them and ull be to. u are what u eat u wanna eat chicked ull stay being a chicken. u wanna eat string cheese ur gonna be a string cheese. u wanna eat fruit ur ganna be a fruit. Enjoy life.

  10. #350
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    Quote Originally Posted by KRyn View Post
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    Not at all, I have been joking that eventually CNRL will be the only production company left in Canada.
    Yah for sure. I am sort of surprised they are allowing CNRL to become so big. At this point how much power does the AER really have over someone like them?

  11. #351
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    A bunch of SE Sask CPG assets might end up with CNRL as well..who else? I've heard maybe Tundra, but it's a pretty large package for other players in the area.
    Quote Originally Posted by Gestalt View Post
    Im the one with a learning disability....

  12. #352
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    Quote Originally Posted by KRyn View Post
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    Not at all, I have been joking that eventually CNRL will be the only production company left in Canada.
    CNRL has a saying, the assets will always end up in the hands of the lowest cost operator. And it's totally true.

    Seems like only yesterday I was getting transferred from Devin to CNRL as part of a big asset sale. The more things change the more they stay the same I guess.

  13. #353
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    Quote Originally Posted by Aleks View Post
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    News release mentioned 735, I assume that's all of them since a lot went over in 2014 when CNRL acquired the conventional Devon assets.
    Eventually there will be redundancy to be found. I can't see them absorbing Shell staff and then Devon's. They just need to get the transition done and axe will come.

    What was the Shell staff transfer agreement? Isn't the employment guarantee only 2 years and it's already up?
    Last edited by Xtrema; 05-29-2019 at 09:13 AM.

  14. #354
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    They don't need to lay off and pay severance. People quit tgat company fast enough.

  15. #355
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    Quote Originally Posted by Xtrema View Post
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    What was the Shell staff transfer agreement? Isn't the employment guarantee only 2 years and it's already up?
    up next month i believe. i've heard through the grapevine that a lot of people are planning to look for other jobs when their salary/benefits get reduced back to CRNL levels now that the 2 years is up. i know a few people who also just straight up quit because they didn't like the culture change.

  16. #356
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    From the 900 or so that Cnrl took from the first Devon transaction, there was nearly zero layoffs. It'll be same with shell and the 700 Devon people. Trust me, folks will just quit.

  17. #357
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    So CNRL also has CNUL do they operate that from within the wider umbrella of their organization or is that seen as a separate company? How many assets and employes would fall under CNRL at this point?

  18. #358
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    I thought Husky was buying Devon, I was wrong.

    Who is left for Husky now?? MEG and DEVON are off the table.
    "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."

    -H.P. Lovecraft

    Kim Kardashian Sex tape:
    Originally posted by hadookin
    nice box... to bad that nigs face is in it

  19. #359
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    ...
    Last edited by Sugarphreak; 08-18-2019 at 04:44 PM.

  20. #360
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    Quote Originally Posted by Sugarphreak View Post
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    Grizzly Oil Sands maybe?
    Lol, wouldn’t think so. Too small.
    "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."

    -H.P. Lovecraft

    Kim Kardashian Sex tape:
    Originally posted by hadookin
    nice box... to bad that nigs face is in it

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