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Topics regarding layoffs at Dril-Quip Inc.
Why is everyone complaining and crying over things they don’t know and are not qualified to understand?
Layoff packages will be served.
Because Blake asked here are ways to save money around this company, cut back on the dead plants for the administration building (inside and outside), cut off some lights that are not needed, take back some company cars (if your making a 6 digit... read more
What are any rumors or news going around in other shops and offices, we have to group together, Blake is only watching out for number 1 and his number 2 out in R&D.
I've heard there were plans to reduce severance for the next round of layoffs to increase cost savings. Is this possible? Not that I'd put this past current leadership from a moral standpoint, but I'm honestly not sure if Dril-Quip can do this... read more
Dril-Quip lost over $110 million in last 4 quarters combined yet Blake's pay went up to $4million per year. Now Dril-Quip has to come up with $50million in savings. Considering that number of executives was increased, and that top 5 guys made... read more
DQ to save $50 million by end of 2019. What’s going to go ??? Certainly won’t be Blake’s or Jim G bonuses.
Are we looking at more any time soon?
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He disrespected the good employees By reducing their pay and cutting the yearly evaluations. At the same time he bought 2 companies that are essential worthless. He gave those new company employees better positions than the original dq people who... read more
10-Revenue dropped 60% between 2014 and 2017! His pay went up 25% in the same period.
Are you getting paid $4m per year to read posts on here, respond and justify yourself? Step aside man-it is time to go!!!
Blake DeBerry, the company’s president and CEO, said: “We believe that our new product development efforts with re “Also, our strong balance sheet allows us to provide Premier with vendor financing for a portion of the contract which is consistent... read more
Why do we keep losing some of our best employees in layoffs instead of the ones who are actually a burden to the company? Nearly everybody with any proper experience is gone by now! How does Dril-Quip plan to continue functioning like this? From... read more
Blake made over $4m last year. Considering all you s---as got paycut, your friends got laid off, and there will more of that to come, hit the road!
Dril quip is up for sale old regime getting layed off after tiw transition is done company considering us will be putting thier own people in to the position it’s all over the Asian business news
no more increment for u guys .
He's started his shift and still can't find his machine. The child needs a map.
Rumer has that a big dog go take over us
I just heard there is going be another lay off instead giving us a raise they rather hire cheaper workers Any more info on this? When, how many, what departments, what locations? Anything?
Ohhh big jobs coming on the machines for us, happily i am to see dril quip back on the business, Now time for my 10% back to my pay! I am hope all limp d--k old men can go retire soon out of dril quip because since you are over 60 too old already... read more
X employee who use to work for vehicle maintenance suing dq for prejudice leadman. Lead man stated to others that he would get rid of people who was not his same race. The lead man put in his 2 week notice in and dril quip offered him a lot of money... read more
People leaving. Management no care. Young people going leave old people do job and more with no pay raise. No future no money. Is company for sale? Does Blake know?
Too many good workers are planning on leaving very soon, once the industry picks up. Too many old men in retirement jobs stopping good talented men from moving on. It’s these good men who are DQ’s back bone, lose them and DQ will struggle.
Saw a employee moving a metal table from one location to another piece of metal slides off table while relocation of table, then safety jumps all over him and send him out for a drug test.Material handlers drop parts and piece all the time they never... read more
Due to the change from days off to hours off as holiday entitlement, some folk aren’t even getting there basic holiday entitlement now, once nightshift taken in to consideration. So much for looking after the workers.
More work is coming, starting to ramp up now, you can see it. But where’s our 10% pay cuts, have people forgotten about this.
Severe weather warnings dril quip still won’t shut down for today they don’t realize safety off employees. What about drive home it’s very slick and dangerous to be on the road if they wait to long. All other companies close down and schools due to... read more
Due to the Trump tax cut, Dril-Quip upper management will restore wages to their January 2017 amounts. The corporate cost structure is allowing this since the savings on wage cuts is far exceeded by the tax burden reduction from 35% to 20%, and oil... read more