things a little slow over here as well, went from 70 hours a week straight for 4 months, then to 50 hours, now were at 40 hours a week and come january they said we might only get 20 hours a week so i need to really get ahead on my bills, FWIW ap, it isnt always good to be in the top 10% of the company, we just laid off 17 of our higher paid managers because it saved us more money getting rid of managers making 55k a year as opposed to laying off our normal laborers making 25k a year, guess its a good thing they denied me the manager position a few months back considering the guy that got the position ended up being laid off

 

i feel for ya man! glad to here your still employed

 

We haven't laid off anybody where I work. It has slowed down though. We have what they call lack of work. Basically, instead of laying off, they ask if anyone wants to go home early(sometimes at the start of the shift). There is always plenty of volunteers, so the company gets some hours out of the building, and those who want to work get to.

 

Things seem to be slowing down here in montana. which is almost unheard of. Mt is so behind everything it takes a long time for us to catch up with the rest of the world. but i still have a job so i guess thats good. In montana we have the biggest under ground mining plant in the world and they just laid off 600 people on monday. so it kinda scary. you know its getting bad when you wright a check and the bank bounces. J/k

 

Economy here is booming, but Odessa is an oil town. Things are beginning to slow down, though. Everyone is anticipating the oil field is about to bust again and a local polymer plant is closing early next year after being open over 50 years. Unfortunately my dad is one of many that will be losing his job when the plant closes.

It's not time to panic fellas, but it might be time to cut down on expenses and save some cash.

 

I'm really skeerd to look at my Retirement account. I can only pray it's in a cash position.

 

well they started steam blows this week at the plant so im about done in victoria..YAY!!! ive been here since june 07 so im ready for a break.i heard about a job up in north dakota so ill be checkin that out after the first...

 

It really hasn't affected me all that much since I'm in school. The only possibility is maybe in the student loan department but given the successful payback of my 'area of schooling' I'm not worried about it.

As far as people around me. Both of my parents are in the oilfield industry. Really the only effect my mom sees is her revenue check from oil wells she has interest in go down proportionally to the price of oil and natural gas. The company my dad works for is actually expanding and adding on but I do think alot of smaller not-as-well run oilfield business won't make it. He's actually been in Midland/Odessa the last 3 weeks overseeing the build of their new trucks which were also in the world oilfield show they had in Odessa not too long ago. Luckily both of my parents are in great shape as far as layoffs if it came to that. Their positions would be the very last to go. My sister is an accountant for a billionaire so he hasn't gotten too financially concerned yet. One of his companies deals with finding temporary employment so that business will be getting more business thanks to other recent layoffs.

 

i was one of the people laid off the funny thing is they are building and building and building. brand new buildings going up everywhere when the old **** would have done fine with current production. ill shut up now before i get personal.

 

a bad environment indeed. i would be looking for something else just in case.