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Started By
Message
BP freezes employee pay
Posted on 1/26/15 at 3:28 pm
Posted on 1/26/15 at 3:28 pm
LINK
quote:
The company “needs to take a number of measures in response to the harsh trading environment,” Chief Executive Officer Bob Dudley said in a memo to staff Monday. “One of the measures we are taking is a general freeze to base pay for 2015, with only a few exceptions.”
This post was edited on 1/26/15 at 3:49 pm
13
Posted on 1/26/15 at 3:28 pm to Evolve
quote:
this mean a freeze on all raises or inflation adjustments
Posted on 1/26/15 at 3:29 pm to Evolve
you really think people would be ok with not getting a paycheck? 
Posted on 1/26/15 at 3:30 pm to Evolve
Pretty sure employees will be working for free.
Posted on 1/26/15 at 3:30 pm to Evolve
My company is large and publicly traded and we had a temporary raise and promotion freeze last year before earnings reports came out. They were apparently worried about them, but they were great and the freeze was immediately lifted.
Posted on 1/26/15 at 3:31 pm to Evolve
quote:
general freeze to base pay
Posted on 1/26/15 at 3:31 pm to Evolve
quote:
One of the measures we are taking is a general freeze to base pay for 2015, with only a few exceptions.”
Literally second paragraph man
Posted on 1/26/15 at 3:31 pm to Evolve
quote:Not just them other oil and gas majors as well
BP freezes employee pay
Posted on 1/26/15 at 3:32 pm to ZereauxSum
quote:
with only a few exceptions
Posted on 1/26/15 at 3:33 pm to ZereauxSum
quote:
with only a few exceptions
I wonder who
Posted on 1/26/15 at 3:34 pm to ZereauxSum
Sorry, I have never been a part of a pay freeze before. It was an honest question. I guess not getting paid for a month or two or some type of delayed payment would be better than getting laid off. You guys are some kind of hostile though.
Posted on 1/26/15 at 3:34 pm to DirtyMikeandtheBoys
quote:
quote: with only a few exceptions
Posted on 1/26/15 at 3:37 pm to Evolve
quote:
Sorry, I have never been a part of a pay freeze before. It was an honest question. I guess not getting paid for a month or two or some type of delayed payment would be better than getting laid off. You guys are some kind of hostile though.
My bad man. That did come off kind of snarky.
If it were only a month or so, it would be a furlough and you wouldn't be working.
If you work for BP, sorry you got this bad news. We all know someone in O&G and even though we love low prices, some people are obviously taking it in the wallet.
Posted on 1/26/15 at 3:37 pm to Evolve
quote:
“One of the measures we are taking is a general freeze to base pay for 2015, with only a few exceptions.”
Execs keep getting raises, everyone else doesn't
Edited: Beat me to it
This post was edited on 1/26/15 at 3:39 pm
Posted on 1/26/15 at 3:38 pm to Evolve
quote:
BP will no longer be paying employees
that would go over well
Posted on 1/26/15 at 3:40 pm to Evolve
Did you really think people would just continue working while not getting a paycheck?
Posted on 1/26/15 at 3:41 pm to Evolve
Freezing raises isn't exactly a new thing.
My company instituted a 5% pay cut during the recession.
My company instituted a 5% pay cut during the recession.
Posted on 1/26/15 at 3:41 pm to LigerFan
quote:
with only a few exceptions
quote:
Execs keep getting raises, everyone else doesn't
Exactly! Of course they are going to throw that little nugget in there!
Posted on 1/26/15 at 3:42 pm to Evolve
They might hope that some people leave because of it too.
Posted on 1/26/15 at 3:45 pm to LigerFan
quote:
Execs keep getting raises, everyone else doesn't
Edited: Beat me to it
You guys are so cynical, they are probably referring to a situation where someone leaves the company and can be replaced from within, essentially promoting someone to do the work of someone else who left.
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