NoCalMike 0 Report post Posted December 23, 2004 HOUSTON - A judge ordered Halliburton Co. to reinstate health insurance for retirees of its former Dresser Inc. unit, ruling the company couldn't modify the health plans to eliminate the benefits. Halliburton said Wednesday it disagrees with the decision by District Court Judge Lynn Hughes in the Southern District of Texas and is considering all options, including appeal. The oil and gas services company said it will take a charge of up to $13 million in the fourth quarter for current and future retiree medical costs. More than a year ago, Halliburton sought to change its medical plans for all retired employees to achieve parity. In July, the company sued three retired executives who complained about the company's plan to stop providing health insurance for retirees. The lawsuit was filed after the retirees, including former Halliburton vice president of human resources Paul Bryant, sent a letter to company officials to complain about the change. Bryant, 58, retired from the oil services conglomerate in 1999. At the time, Halliburton spokeswoman Zelma Branch said the company sued so the dispute would be resolved quickly, allowing the retirees to arrange for their own medical coverage. The case hinged on whether the 1998 merger agreement between Halliburton and Dresser Industries required Halliburton to keep paying benefits to 4,000 salaried retirees. Bryant and the two other retired executives argued it did. When the company merged with Dresser in 1998, Dresser's employee retirement medical plans were more favorable than those of other Halliburton employees. The judge ruled that the merger between Halliburton and Dresser created a contract to continue the more favorable retirement plans for former Dresser employees. Share this post Link to post Share on other sites
CheesalaIsGood 0 Report post Posted January 2, 2005 Haliburton acts like a bunch of assholes and nobody on the TSM has anything to say??? C'mon Mike come out of hiding and defend your boys! Oh I'm sure its been beaten to death. But if the shoe fits... Share this post Link to post Share on other sites
kkktookmybabyaway 0 Report post Posted January 2, 2005 Tell me more about this Halliburton company... Share this post Link to post Share on other sites
KingPK 0 Report post Posted January 2, 2005 I think they specialize in 1-hour photo finishing. Share this post Link to post Share on other sites
Guest CronoT Report post Posted January 3, 2005 I think they specialize in 1-hour photo finishing. And American tax-payer robbing and raping. Share this post Link to post Share on other sites
kkktookmybabyaway 0 Report post Posted January 3, 2005 I miss MikeSC... Share this post Link to post Share on other sites
Special K 0 Report post Posted January 3, 2005 They furnished Mongo McMichaels with his weapon. Share this post Link to post Share on other sites
KingPK 0 Report post Posted January 4, 2005 I think they specialize in 1-hour photo finishing. And American tax-payer robbing and raping. Yeah, I hear that it's right on the top of Satan's (aka Dick Cheney's) portfolio. I hear they are planning on overthrowing the government and renaming the country "The United Derricks of Black Gold and Fuck the Mexicans." Share this post Link to post Share on other sites
Jobber of the Week 0 Report post Posted January 4, 2005 renaming the country "The United Derricks of Black Gold and Fuck the Mexicans." I approve. Share this post Link to post Share on other sites
