Problems with Singapore Halliburton management - Completions Tools (Dec 2014-Till now)
When company is in cost cutting mode, Halliburton invites contractors 25 Engineers Approx from India.
Paying Contractors (QUEST)L1/L2/L3- 56USD/58USD/60USD PER HOUR !!! Yes Its Per Hour.
Imagine a simple math (Worst Case Scenario)
Level 1 Engineer Working for 8 hrs/day and 22 days per month = 22856=9856 USD approx 13680 SGD.
Number of Engineers=25*13680= 314640 SGD / month
Number of Month=314640 SGD *15 months=4719600 SGD= 4 million direct savings only from singapore at worst case scenario.
for these 25 engineers one TL also. imagine the money halliburton wasted during these time. when it comes to Layoff, they attack only the local people who joined and getting a meagre pay 3400 SGD for ATP ( No difference between bachelors and masters)
if company is very keen in cost cutting, they would have sent most of the expats back to US and UK and u wont believe
Minimum cost for expat (Stay,Salary,car,Phone,benefits)= 50000 SGD per person/month
if they sent 10 expats (worst case on dec 2014) they would have easily saved =500000 SGD= 0.5 million per month, consider 15 month = 7.5 million SGD savings
Total 7.5 million+4-4.5 million = 12 million, halliburton would have saved and its a huge amount . coming to the competency of the Quest Engineers and Some TL, its not even worth to have them in the team, rather halliburton promoted them to PTP and other important position.
Coming to Bonus, when halliburton is really in cost cutting mode, manufacturing friends are getting 2.5 times the monthly salary as bonus, i'm not against giving bonus, atleast they could have reduced to 1 month so that they would have saved a lot.
In short i should say, halliburton is going to see the consequences soon once the BHI deal breaks.... not in million... 3 BILLION USD... Friends pls try to jump sooner from the sinking ship..
i could see the situation, once the oil price picks up, there wont be a capable engineers in HAL and it will see the downfall soon...