West Texas Personal Injury Attorney
Dropping Oil Prices Spell Trouble for Employees

Dropping Oil Prices Spell Trouble for Employees

In many parts of the country, gas prices are lower than they’ve been in years. While this is certainly causing wallets across the United States to breathe a collective sigh of relief, it is doing exactly the opposite for employees in the gas and oil industry.

States like Texas, Louisiana, Oklahoma, and North Dakota will all be affected by the unfortunate changes predicted to take place. Lowered oil prices translate to layoffs, something that may impact thousands working in the gas and oil industry. Specific companies have even gone so far as to publicly announce the plan for impending layoffs.

The following companies are just a sampling of those laying employees off:

  • Shell
  • BP
  • Newpark
  • Enbridge
  • Halliburton
  • Hercules Offshore

What does this mean for workers?

Layoffs are bad enough, but there is an additional layer to this complex problem. Companies often use mass layoffs as a way to force employees to forego their overtime and employee rights, simply to receive measly severance payments. It seems like a good tradeoff in the moment, but certainly doesn’t bode well for your future later down the line.

If you are concerned that you may get laid off, it is important to be aware of the risks you face. Avoid signing any documents that come just before your termination. Carefully read between the lines and consult with an attorney, as you may lose the ability to take legal action for what you are being denied.

Our Odessa wage and hour attorneys may be able to represent you to ensure that your rights are protected. We want you to get the money you deserve, so don’t hesitate to contact our firm. The sooner you do, the better your chances of recovering possible compensation.

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