Bad Week

Marv_mart

Well-Known Member
Jan 3, 2014
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Adelaide
In SA, THIS is a real beer?
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Feb 19, 2015
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Adelaide
www.erms.com.au
I am in oil & gas, like most commodity industries, we have been hit hard by dropping prices, and knee jerk reactions by companies trying to appease their shareholders.
It does frustrate me that whilst companies can still make a profit, although not as much as in years gone by, shareholders still expect the same if not a higher dividend, and CEO salaries dont seem to decrease- so to save money we will cut our workforces to the bone and sell off or suspend all expansion or potential projects.
The silver lining in these cases for me at least, is as a consultant, when times get better, which they should in my industry by Q4 this year, every company has cut their own internal staffing capabilities so much that they then need me to meet their sudden requirements for a ramp up in activities.

A lot of very experienced bodies have been lost in the last year in my industry, and having seen this 3 times before, I seldom see those same people come back once things are travelling along better.