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Suncor to lay off another 1,000 workers9 {2 m' S, M; b- M2 M) a% K8 ^% N
Last Updated: Tuesday, January 12, 2010 | 06:03 PM EST" `7 W& E5 K! l, l5 r
Canwest news service- x+ O9 Y% M% K# E
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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.. z7 [8 x3 R" A8 \
: s" h* N! {$ _. 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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"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."& n" Q, T! z' K! S
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1 K' I' W" N. U3 \8 E0 ^" D) ZMr. 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 $25-million.
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: {0 {" l$ l2 s& I6 Q; jSuncor 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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