Once again,
Big Business,
in this case,
Schlumberger
Limited,
which is the world's largest oilfield services company,
shows its uncaring hand in dealing with the fluctuation of profits by
laying off
20,000 employees
between January
and April of 2015.
(Statistics are from The
Advertiser.)
Schlumberger used to employ approximately 123,000
people representing more than 140 nationalities working in more than
85 countries.
Schlumberger has four principal executive offices
located in
Paris,
Houston,
London,
and Hague.
They say four
principle offices,
but the founders of this Company were two
brothers living in Paris,
and they started their business back in 1926.
Where do you think the real decisions are made for this Company Worldwide?
According to
most of the layoffs are happening here,
in the United States.
Where
the cost of exploration
and production on land has increased.
Meaning,
Off
Shore
is still cost effective.
So what would a
World Corporation
do
in this instance?
Of course,
start laying off employees,
in Countries other
then where your own,
main Headquarters is.
To reap the savings of
“over $300 million this year because of the reductions.” Story by Joseph Triepke for OilPro.com. “Business is business, and the management teams of Public
Companies work for their Investors not their Employees.”
This will always be the downfall of the
hard working,
dedicated
Middle Class.
It's no longer
good enough to join a Company
and give all of your time
and effort to
help it grow.
When a Company reaches its peak in the
and begins to falter,
they don't remember
their own
History!
The Greedy only remember their Bonuses at the end of the year!
Today,
(11/06/2015)
their stock
sold at $79.06 a share.
Five years ago,
on November 12th,
2010,
their stock sold at $74.11 a share.
There were no large amount
of employee layoffs even considered back then.
The layoffs started
this year because of their stock peaking on June 27th,
2014,
at $117.80 per share.
Since the stock dropped sharply to $85.67
per share by January 2nd,
2015,
the only course to reap the same profits as that of June 2014,
was to do away with employee salaries.
$300 million goes a long way
for the
Fat Pigs
living in
Paris!
Their
shares still sold higher then five years ago,
but their large
Bonuses
were in trouble for the
end of 2015 if they didn't do something now.
(Facts provided by
MSN.com/money)
And those layoffs continue today!
If I new a way to boycott this
Company,
I would ask everyone to do so.
But it's not that kind of
Company,
where the Consumer can effect their thinking in their Corporate Office by a
boycott.
As long as the
Rich
are allowed to keep lengthening the disparity between
Them,
the Middle Class,
and
the Poor,
where most
of the
"Wealth"
is
controlled by the
One Percent,
we
will continue to have the crumbling
and then the extinction of the
Middle Class
in our,
not too distance future!
It will only then be,
the Rich
and the Poor,
living in
this World!
And do you think
those
Billionaires,
who Psychologists say all have the
"God Complex,"
will be losing any
sleep over you
and I?
This is,
This is,
Read My Post, “Be
Important,” And Maybe Their Are Some Helpful Hints You Can Use
In Your Future,
Jim Hauenstein,
Jim Hauenstein,
And,
“Watching
middle-class conservatives vote for politicians who've proudly
pledged to screw them and their children over, fills me with the same
exasperated contempt I feel for rabbits who zigzag wildly back and
forth in front of my tires instead of just getting off the goddamn
road!” - Tim Kreider -
That's my story and I'm sticking to it!
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