Thread regarding KBR Inc. layoffs

KBR GETING READY TO FILE BANKRUPTCY. STILL UNDECIDED IF CHAPTER 7 OR 11. NO BACKLOG FOR NEXT 3 YEARS. KBR DOWNTOWN HAS LET 1200 GO.

What a shame what has happened to KBR, It all comes down to the management and leadership of the company. Their lack of billable work, coupled with the downturn of the industry has caused a large number of people to lose their jobs. The downtown office is a ghost town !

by | Post ID:
3978 views | 10 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

10 replies (most recent on top)

KBR has turned down an invitation to bid for a major upstream feed project. If you are still in the remaining upstream workforce at KBR, it's about time to polish your resumes.

by | Post ID:

/>

by | Post ID:

KBR is still going strong despite the economic downturn. They value their long time employees and continue to do so. WorleyParsons is also hiring qualified personnel and is very stable despite the current economy. Energy project is still very much alive.

by | Post ID:

The ex-WorleyParsons on the ELT team have totally messed up this great company.

by | Post ID:

"This is not true. KBR has a lot of major projects and is hiring a lot of people. They offer the best salary and good benefits."

HAHAHAHA. Corporate toady or sublime sarcasm?

Can't figure out how this ill captained ship is still floating...oh yeah, STOCK BUY-BACK.

by | Post ID:

Best Pay and benefits? Hogwash! They just cancelled all paid holidays for the rest of the year and rolled everyone's vacation accrual back to nearly nothing. That after raises were denied and salaries frozen!

by | Post ID:

This is not true. KBR has a lot of major projects and is hiring a lot of people. They offer the best salary and good benefits.

by | Post ID:

Not good...

by | Post ID:

1200 employees laid off ? That sounds low. I know they've swept entire departments.... but the strange thing, highly compensated managers stayed intact. Does this make sense ?

by | Post ID:

Very unfortunate. I was hoping that if leadership was strong, the company could survive these tough times, but if decisions are not sound during these time... it will be impossible to survive.

Tough for all those great engineering professionals who dedicated so many years to KBR and were left..... with nothing...

by | Post ID:

BANKRUPTCY IS THE ONLY WAY OUT. THEY MIGHT REORGANIZE, BUT IT SEEMS UNLIKELY.

by | Post ID:

It is true. The quarterly results, plus the lack of backlog, plus the overhead. The company is spiraling out of control. The majors are not releasing any projects.... KBR is not going to make it, unfortunately. The worst part is that they continue to add high level executives to their team, which carries very heavy compensation packages and this obviously dos not help.

by | Post ID:

Most projects have come to a halt. It's hard to believe but KBR's days are counted. Bankrupcy, whether they reorganize or liquidate, may be their only option.

by | Post ID:

Post a reply

:

Related pages


flowers hospital in dothan alabamasears employee discount policycameron berwick laheald college loginkmart abilene texasibm india layoffcablevision etimecaterpillar in peoria ilboa bank of americaravi pulinordstroms columbia mdat&t corporate office chicagodrillinginfo austincnn on verizonhealthsouth reading rehabnordstrom santa anacitrix address fort lauderdaleulta fragrancesamdocs office in punequalcomm net worthapple fair oaks mallsears georgetown kyoracle egypt jobsecmc telephone numbercricket wireless close to menational oilwell varco san angelococa cola enterprises atlanta ganetapp salary indiacona jobscorporate loweswww nexeninc comitt institute jobsweatherford bakersfield californianyse fnmawww ch2mhill jobseddie lampert searstarget bloomington pharmacythelostogle.comtanner villa rica hospitalkennametal newscabelas charlestonbank of america in breaitt corporation stockmattel layoffskohls in fullertonkbr singapore jobsbank of america call center phoenix azstaff engineer vmwareapple tacoma mallhuron consulting group layoffsoptuminsight locationshow to use jcpenney associate discount onlinemckesson pharmaceuticals careershr macysintel vsphhgregg yorkciena alpharetta ganordionthe layoff uopmurphy oil houston txbaker hughes field engineerpatterson dental headquartershgst hitachidirect tv denverraytheon layoffshp careers austinsears hometown store logohub.slbrovi layoffscvs folsomhow much do walgreens pharmacists makesabre salarysandisk glassdoorspringleaf layoffsann daly dreamworksfurmanite stocklcc international incapple west farms mall