AM I NEXT? NO LOVE AT SHELL (03/14/24)

MARCH 14, 2024 — 20% REDUCTION IN DEALS TEAM

The company has announced another cost-cutting initiative that will see a 20% reduction in force in its mergers and acquisition teams which numbers in the hundreds.

According to a company spokesperson, "Shell aims to create more value with fewer emissions by focusing on performance, discipline, and simplification across the business. Achieving those reductions will require portfolio high grading, new efficiencies, and a leaner overall organization."

JULY 1. 2021 — BIG CHANGES COMING TO SHELL

The company has announced its intent to leave Aera, its Bakersfield, California-based oil and gas producing joint venture with Exxon Mobil Corp.

This follows the company’s continuing divestiture of carbon-intensive operations to meet the challenges of stricter climate goals in the future, including the potential sale of producing assets located in the Texas Permian Basin.

The company has already sold its refinery in Washington state to Holly Frontier Corp and its stake in a Houston-area refining joint venture to Petroleos Mexicanos.

The company is also considering a sale of its assets in the Permian Basin of Texas, Reuters previously reported.

DECEMBER 29, 2020 — 698 SHELL LAYOFFS WITH COMPLETE CLOSURE OF CONVENT REFINERY.

Houston, Texas-based Royal Dutch Shell has announced that they are continuing to close their currently shuttered Convent, Louisiana, refinery beginning on the last day of February 2021.

Approximately 698 employees (including 340 union members) will be laid off with a small crew employed for maintenance and clean-up until third-quarter 2021 in preparation for an extended shutdown and possible sale.

The operation became unprofitable due to the global downturn in the gas and oil industry and the impact of Covid-19 restrictions on travel and destination sites. The company also indicated that the "1,100-employee (700 employees, 400 contractors) complex that produced jet fuel, gasoline, and diesel didn’t fit into its plans for a low-carbon future."

The company’s other refinery in Norco, Louisiana and its chemical plant in Geismar, Louisiana are unaffected at this time, but the company is still offering a voluntary severance program for some workers at its Norco refinery.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT HOWMET AEROSPACE (09/15/20)

SEPTEMBER 15, 2020 — 150 MORE LAYOFFS SCHEDULED FOR LAPORTE, INDIANA

The company will layoff 85 people on October 1, 2020, followed by another 65 employees on November 1, 2020. All work at the LaPorte, Indiana.

According to a company spokesperson, “This reduced customer demand has unfortunately made it necessary for permanent staff reductions. Fewer people are flying which means airlines need fewer planes need fewer replacement parts.”

SEPTEMBER 10, 2020 — ANOTHER 44 LAYOFFS

The company has announced that it has further reduced its workforce by another 44 employees after the last layoff of 65 employees. The layoffs are attributed to rge COVID-19 pandemic.

AUGUST 26, 2020 - ANOTHER ROUND OF LAYOFFS

The company has announced that it will be laying off another 65 employees. This follows 177 layoffs in June and 115 layoffs in April.

Original post…

Pittsburgh, Pennsylvania-based Howmet Aerospace, a high-performance metals fabricator, has announced another reduction in force. Impacted are 131 employees at the company's Niles facility in Niles, Ohio which makes titanium ingots and titanium mill products including billets, bars, plates, and sheets.

According to a company spokesperson, “The difficult but necessary decision to reduce staff at Howmet Aerospace in Niles comes as result of reduced demand from our aerospace customers, which is related to the economic impact of the COVID-19 pandemic on the aviation industry. The location will continue to review customer demand to determine staffing needs. We have always valued, and continue to value, the contributions of all our staff and deeply regret the need for this action.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT LIFETIME HEALTH CLUBS

Chanhassen, Minnesota-based LifeTime, owner/operator of health clubs and fitness centers, has announced a reduction in force affecting 301 employees, 250 from Chanhassen corporate headquarters, and 51 from the company's millwork facility in Chaska, Minnesota that builds and maintains lockers and cabinetry. The layoffs are scheduled to commence on August 19, 2020.

The decision was driven by the involuntary closure of gyms and fitness facilities as a result of the COVD-19 pandemic.

A company spokesperson noted, “These shutdowns inflicted considerable negative financial impact on our company, along with the suspension of nearly four years of new club and business development. Additionally, it may take some months before membership growth and traffic resume to normal levels”

“With this unforeseen business interruption and impact, we have implemented difficult, but necessary, action to reduce our operating expenses, including a 1 percent reduction in our total workforce. The vast majority of this impact is in our real estate, architecture, and construction departments given the temporary suspension of new club and business development.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?