In a scene eerily like Black Sunday–the seismic day of the oil shale bust when Exxon laid off 2,000+ workers in a single day, today’s announcement by Halliburton that it is laying off dozens of workers was made as numerous armed guards stood by.
The Daily Sentinel is reporting:
But as workers arrived at Halliburton’s Grand Junction offices today, at 32 and D roads, many employees were told their services were no longer needed. Halliburton had a contingent of armed security guards on hand, greeting employees as they arrived. A Grand Junction police officer was also stationed nearby. Some who were laid off were upset by the show of force, but they also said they understood the reasoning behind their layoff.
Halliburton blamed the economy and hoped the layoffs weren’t permanent.
I’m no fan of Halliburton. But it’s troubling that people are losing their jobs, so much collateral damage from an industry intentionally slowing production to drive up prices. Mesa County foreclosures are now among the highest is the state.
This is the consequence of a boom and bust economy, as Halliburton implies in their reported statements. Rather than use it as an excuse to gut regulations (which COGA the CO Senate Republicans are likely right now preparing their next ‘news’ release on) it is instead an opportunity to properly plan for the next round which surely is imminent just as soon as companies idle enough rigs and workers to drive up prices.
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Would you expect anything less from ther company that Dick built?
Duh. Or too obvious?
Breaking from the GJ Sentinel:
The important thing to remember (at least through tomorrow’s discussion of HB-1292) is: “We don’t need no stinkin’ new rules.”
Oh, and “Trust us.”
that they needed armed guards? Is that SOP for Halliburton?
What a maroon.
I was on the AS “Obama Depression” page and then I find it here.
Weird.