In a recent court filing, Transocean (NYSE:RIG) notified its workers injured from the BP (NYSE:BP) oil rig explosion that they would be having their pay cut to $25 a day as of December 15, although they said the offer is on the table until December 31.
Of the 126 people working on the Deepwater Horizon rig, most worked for Transocean, with 9 out of the 11 workers who perished working for the company.
According to Transocean, only 17 members of their crew working on the oil rig were injured.
Most of those asserting they were injured made between $10,000 to $15,000 monthly working for Transocean, according to an attorney representing over 20 of the alleged injured.
Attorneys for the alleged injured say the pay cut will pressure their clients to settle more quickly than they otherwise would have. But of course to keep non-working employees on the payroll at the wages mentioned above is a recipe for economic disaster, and an unrealistic expectation.
Transocean made an offer to other rig workers in September, offering them lump sum payments equal to six months' salary.
Survivors of the workers who perished in the accident continue to receive full salary and benefits, along with those severely injured.
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