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Suncor to lay off another 1,000 workers
, v+ \# _# ]! W# Q7 {" vLast Updated: Tuesday, January 12, 2010 | 06:03 PM EST
4 D: A7 ^# |7 o# z; A" iCanwest news service9 y, X% z2 }. Z( D$ f) G. z6 Y
7 A* D% [9 T! n; ?$ r3 m" E# jCALGARY -- 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.) O- {. n& N, r* f, j5 X$ ~
3 C) x" n2 ~% a% V2 I, @+ s0 n! }The 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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"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."4 A2 _8 O' Z4 R% W( |
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) q& p$ y3 B: `- uMr. 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.
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Suncor 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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