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Suncor to lay off another 1,000 workers9 L( C3 b. e: m" s
Last Updated: Tuesday, January 12, 2010 | 06:03 PM EST
# F6 T* V0 {7 k8 T# \# L9 s. iCanwest news service- s2 C5 w& A$ ], X
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CALGARY -- Calgary-based Suncor Energy plans to lay off another 1,000 workers this year as it continues to digest the assets of Petro-Canada picked up in a merger last fall.
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% p. a9 a& ~0 Z( k3 |+ ZThe action, announced at an investor's conference in New York this afternoon, will double the staff reductions to 2,000.
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"Where most of the synergies are coming from are reduction and workforce," said John Rogers, vice-president of investor relations, during a presentation to the BMO Capital Markets Unconventional Resource Conference.
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: V* h6 Z, C: ^7 `1 _9 |"To date, we've laid off about 1,000 people. By the end of this year, 2010, we would expect we'd lay off an additional 1,000, which will bring us to a total of about 2,000 people laid off through the merger."0 `: v& w, s) @* {
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- m1 V+ `+ ^! E2 PMr. Rogers also said the company is doing a "total relook" at the Fort Hills oil sands project, a Petro-Canada project which at one time was estimated to cost more than $25-million.( C/ R+ d, V3 e7 D Q8 |" J
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$ s9 k+ I! S) G8 YSuncor recently announced the sale of a half-billion dollars worth of U.S. gas assets and expects this year to sell $2-billion to $3-billion worth of Canadian assets producing 360 million cubic feet per day of natural gas. |
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