Thread regarding Hess Corp. layoffs

Layoffs happened 11/3/2017. +/- 650 people

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can any one describe the severance package being offered by Hess Corp for Houston layoffs without violating agreements?

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I am so happy to hear Creech is leaving. That man single handedly ruined Global Supply Chain. And his buddy-buddy Greg Hill has destroyed that company and Leo Hess' legacy. Shame on John Hess for letting him.

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Currently about 2300 Employees hearing that reduction will be about 35% (780 people). Out of those people cut supposedly 80-85% will be Houston personnel.

Reorganization starts on Tuesday!

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Hearing 1,000 people in houston office gunna be let go. Can that be true? I can't believe

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Restructure Week 1/15 to 1/18

Any idea how many will be let go ?

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Next week ( 1/15 to 1/19 ) is Restructure Week.

Any guess on how many ?

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$150 MM savings in 2019 due to restructuring. That’s 500 people at an average salary with Benifits of $300 k.

Going to happen!

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This number of 650 is BS — get your facts straight before starting a rumor

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Here you go:

Brian Truelove, SVP, Global Services

Dennis Creech, VP, Lean Implementation

Martin Edwards, VP, Europe

Mark Johnson, VP, Finance Shared Services

Sauu Kakok, VP, Special Projects – Asia

Dave McKay, VP, Bakken Operations

Bill Rothe, VP, Enterprise Systems

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Which VPS and SVP?

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1 SVP and 7 VPs have announced they are leaving. I am sure the parachutes are great.

Personnel cuts start in Q1 2018

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Last year, 238 were let go and the local news outlets picked up on it. How come no news reporting about the so called 650 layoffs?

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This is nonsense. No mass layoffs have occurred at Hess this year.

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what departments/location? where did the 650 number come from?

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What groups?

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how about a little more context?

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Wow....

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