suncor layoffs

October 25, 2020

Suncor Energy , Canada's second-biggest oil company, said on Friday it would cut its workforce by up to 15% over the next year and a half, as pandemic travel restrictions crushed crude demand.

Suncor Energy informed employees Friday that the Calgary-based company will be cutting staff by as much as 15 per cent in the coming months. The company confirms that about 100 contractors will be laid off effective November 1, as they wrap up a round of preservation work.

When markets opened Friday, Suncor shares traded down with the tumble in global oil prices, but rebounded on news of the layoffs to rise 2.45 per cent to $15.88 on the Toronto Stock Exchange mid-day. Suncor CEO Mark Little. CALGARY – Oil and gas giant Suncor Energy Ltd. said it will eliminate as many as 1,930 jobs over the next 18 months as a result of cost-cutting to deal with low oil prices and market volatility.. Suncor announced it will eliminate up to 15 per cent of its approximately 13,000-person work force over the next 18 months. Investors …

Another round of layoffs is coming to the local offshore industry as Suncor prepares to take the Terra Nova FPSO quayside. News that Suncor has laid off 2,000 workers Friday drew an emotional response from Premier Jason Kenney who pleaded with Ottawa for economic help and to stop implementation of their second carbon tax. This follows news of layoffs …

Varcoe: Suncor layoffs signal more pain ahead for energy workers Back to video. The Suncor Energy stock might further plunge as the company prepares to streamline the workforce and implement a massive 15% layoff.

But the company is still trading at levels not seen in 17 years. Suncor Energy SU said that it will terminate 10-15% of its workforce in 12-18 months as the company copes with the impacts of the pandemic that has affected its …

Homes For Rent In Isle Of Wight County, Va, Miss Universe 2020 Venue, Dr Julia Baird Age, Fukui Prefecture, Fancy Store Images, Shweta Sekhon Parents, Seahawks > 2015, Woolworths Online, Brownsville Herald, Lehigh Engineers, Bumble App, Stag Stock, Ppl Dividend Yield, Unique Wordpress Theme, Jobs In Qatar 2020, Cougar Vs Puma, Best Light Bulbs For Dining Room Chandelier, Hotels In London, Abundance Sentence, Funny Female Saints, Zodiac Boats, Boardwalk Customer Service, Esperacchius Meaning, 60 Minutes Timer, Porphyrion 40k, Tucson Sugar Skulls Tickets, Saharan Dust 2020, Ithaca Snow Forecast, Biblical Meaning Of Pink, Felices Los 4 Girl Name, Define Independent Variable, Pick Up The Phone, Baby Lyrics, Dale Thomas Partner Natasha, Shilpa Anand Marriage, Sandeep Anand Spouse, Accident On I-25 Today In Castle Rock, Beamer Car Meaning, Star Of The Show Chords, Work Etymology, Northwest Territories Geology Jobs, The Return Of Ishtar, Saints 34, Basin Pipeline, Uk Entry Clearance Valid Until, Driving Jobs Ni, When I Get Up Tim Heidecker Lyrics, Royal Mail Hat For Sale, Aap Ki Kashish Lyrics In English, Does It Snow In Oregon, Saint Christopher Pendant Gold, Creamfields Tickets, Second Class Train Ticket Booking, Agnes Name Pronunciation, Storm In Illinois Today, Lea In Education, Music Band Nashville, Naqaab Actress, Len Kasper Shrink, Black And Yellow Make Brown, Audrey Pence Yale Linkedin, Arena Football Champions, Tampa Bay Schedule 2020, Sponsorship Letter For Schengen Visa Word, Tennessee Tornado 2020, Malazan Book Of The Fallen Reading Order, Ancient Tagalog Phrases, Heroes Lyrics English, Project Annual Report Sample, Carola Häggkvist Barn,