Cenovus Energy has announced job cuts, with 440 positions at the energy company affected. This means that the company has cut jobs by 31% in just the last two years. Since the end of 2014 Cenovus Energy has eliminated 1,600 positions in an effort to stay competitive in an environment where oil profits have declined…
Read moreSuncor Energy has confirmed that the company will be engaging in more job cuts and layoffs although an exact number of the jobs affected or the disposition of these jobs has not been addressed yet. Oil has now gone up past $40 a barrel, leading some to hope that things were turning around for the…
Read moreNexen Energy has announced more job cuts and the company has laid off another 120 employees as the oil industry in Alberta tries to stay profitable and competitive with lower market prices and an economy that has not yet fully recovered. Nexen is not the only company who is scaling back and letting some employees…
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In addition to the job cuts that have taken place at Husky Energy the company has announced that it is also considering the sale of assets in order to stay competitive and cut costs as much as possible. When the company posted the third quarter financial information the business had a loss, and so far…
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Nexen Energy has announced job cuts due to the recent drop in the global price of oil. According to the company 400 jobs will be slashed in the cost cutting effort. According to Nexen Energy 340 jobs will be cut from the North America operations, and 60 jobs will be cut from the North Sea…
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