Halliburton Closure in El Reno

[SlugSlinger]

Not related to Halliburton, but a large pipeline company I work for has been reorganizing since August. First was an incentivized voluntary separation package for those 55 and older. That was about 350 across the company. Next were the layoffs. If I had to guess, that was probably another 500. I was sort of lucky. I received a termination letter that was effective 12/31. My job moved to Houston. I was given the opportunity to find another job internally, luckily, today I was offered another position that was effectively a lateral move into a different department. It took from 11/6 to 12/4 to find a different job internally. I was lucky, another person in my old group was given the same option, but he was set back $8,000 a year in a salary reduction. Most people effected by the reduction in force were walked out and not given the opportunity to find another position. Being in a position like this sure changes your perspective on things.

 

[Oklahomabassin]

Yeah I know. It was also well known if you wanted a deal on a house or a vehicle you had to wait for the strike / layoff right before Christmas. Some other company bought that campus I never in my wildest dreams thought Boeing would sell off. Shows how much corporate savvy I know. (and don't want to know.)

Back to the thread. What is it about Duncan that has the juice to close El Reno? Location to the jobsites? Newer facility? Closer to oilfield supplies?

The most drilling activity in Oklahoma is in the Scoop. (More in the Duncan area than El Reno)

 

[CHenry]

Sorry to hear of all these layoffs.
Glad I have stability where I am. And close to retirement.

 

[dennishoddy]

Hate to hear this. Getting laid off at anytime is not a good thing, but traditionally this is a slow time of the year to find a new job outside of retail.

 

[rlongnt]

Not related to Halliburton, but a large pipeline company I work for has been reorganizing since August. First was an incentivized voluntary separation package for those 55 and older. That was about 350 across the company. Next were the layoffs. If I had to guess, that was probably another 500. I was sort of lucky. I received a termination letter that was effective 12/31. My job moved to Houston. I was given the opportunity to find another job internally, luckily, today I was offered another position that was effectively a lateral move into a different department. It took from 11/6 to 12/4 to find a different job internally. I was lucky, another person in my old group was given the same option, but he was set back $8,000 a year in a salary reduction. Most people effected by the reduction in force were walked out and not given the opportunity to find another position. Being in a position like this sure changes your perspective on things.

Glad you found something. I know a few that didn't.

 

[Grendelshooter]

I’m glad our corporate overlords weren’t too bothered about laying people off during the Christmas season.

 

[inactive]

another person in my old group was given the same option, but he was set back $8,000 a year in a salary reduction.

That's a tough pill to swallow, but I can't say I blame him and likely would have done the same thing. Then have my ears on the ground listening for other opportunities before this happens again.

I've looked at energy for a long time, and likely could have made more salary getting into it. I just couldn't get over the volatility of the sector (maybe that's why I'm in insurance and risk management, ha!). I genuinely feel for and respect you all who do though, as I know it provides for your families individually and also a large part of our state economically.

Maybe we're too dependent on it, but right now it is what it is and that dependency is a necessary "evil" (edit: I mean not oil & gas, but the lack of diversification) of sorts. I hope y'all make it through alright, sincerely.

 

[dennishoddy]

That's a tough pill to swallow, but I can't say I blame him and likely would have done the same thing. Then have my ears on the ground listening for other opportunities before this happens again.

I've looked at energy for a long time, and likely could have made more salary getting into it. I just couldn't get over the volatility of the sector (maybe that's why I'm in insurance and risk management, ha!). I genuinely feel for and respect you all who do though, as I know it provides for your families individually and also a large part of our state economically.

Maybe we're too dependent on it, but right now it is what it is and that dependency is a necessary "evil" of sorts. I hope y'all make it through alright, sincerely.

I was in the energy sector for a long time and saw lots of layoffs in the flows and ebbs of that business. Never got laid off but a lot did and it hurt to watch them go out the door.
Never felt secure and finally mid life looked into utilities. Probably one of the most stable environments out there with an ever increasing growth. Made the move and never looked back.
My wife made 46 years in the oil patch without a layoff, but she was a bean counter, not a field worker.

 

[Jcann]

Sorry to hear of all these layoffs.
Glad I have stability where I am. And close to retirement.

When are you retiring? If you go to a consultant you'll find life is a lot different working in a "for profit" environment.

 

[CHenry]

When are you retiring? If you go to a consultant you'll find life is a lot different working in a "for profit" environment.

I'm eligible 1 year from now. Doesn't mean I'll go but be nice knowing I can flip em the bird at any point I want to. I've been asked to join em at a firm for several years but doubt I'll do that. Thinking I'm gonna work for me once I retire. My own business and it ain't gonna have anything to do with highways.