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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 3:37 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 3:42 pm to Evolve
They might hope that some people leave because of it too.
Posted on 1/26/15 at 3:47 pm to Evolve
Thanks Obama!
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