We also use third-party cookies that help us analyze and understand how you use this website. 2 biggest oil company, has about 13,000 workers. Friday’s announcement led Alberta Premier Jason Kenney to call on Ottawa to help the province’s struggling energy companies. Cutting costs is one of the few options available to them. These cookies do not store any personal information.
Suncor Energy recently announced plans to cut 15% of its workforce.That’s nearly 2,000 people. But opting out of some of these cookies may have an effect on your browsing experience. Management brought it down to a range of 680,000 to 710,000 barrels. permissions/licensing, please go to: www.TorontoStarReprints.com. 0. We'll assume you're ok with this, but you can opt-out if you wish. Suncor, which posted a loss of $ 3.5 billion in the first quarter followed by a loss of $ 614 million between April and June, has seen its share price fall 63% this year. To order Many cannot raise outside capital. Copyright owned or licensed by Toronto Star Newspapers Limited. This copy is for your personal non-commercial use only. Please DO NOT USE story slugged lji-alta-suncor-layoffs headlined Suncor Energy to cut staff by up to 15% over next year and a half.
“I don’t think Suncor’s layoffs are a lack of confidence in oil or Canada per se. presentation-ready copies of Toronto Star content for distribution Second indigenous group wants Trans Mountain line stake, SemGroup, KKR form new Canadian natgas midstreamer, Saskatoon O&G technology firm acquired for $42M, New York to transition seven peaker gas-fired power plants, Addition to Calif. solar, battery storage project, Oil future at center of Trump-Biden debate, North American rig count increases by eight: BH, Macquarie fund buys 622MW Romanian renewables portfolio, Equinor’s CFO Lars Christian Bacher resigns, Japan set to target net-zero emissions by 2050, Record high Chapter 11 debt in 2020: Rystad Energy. Compared with negative crude prices briefly observed in April, oil markets have stabilized since the spring. If you’re a Suncor Energy employee, you’re probably nervous about how this will affect you. There has also been a recent improvement in natural gas prices in Canada. Suncor announces 100 layoffs, and jobs also cut at Husky Energy As of Nov. 1, about 100 contractors working on the Terra Nova FPSO will be laid off, Suncor Energy confirmed Thursday. to colleagues, clients or customers, or inquire about These cookies will be stored in your browser only with your consent. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Cet article a été annulé par le rédacteur en chef de la publication. This push has now accelerated, and that means fewer people in the business.
Monday, July 27, 2020, 6:26 AM MDT Suncor Energy Inc. is facing seven environmental charges for an incident alleged to have occurred two years ago at its refinery in Stratchona County. Finally, while supermajors like BP and Shell say they plan to move away from fossil fuels in the future, Suncor has not reported any such action.
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