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Suncor to lay off another 1,000 workers) F/ \5 ?; Q: @
Last Updated: Tuesday, January 12, 2010 | 06:03 PM EST
# m0 o4 K" h- p" g( c. nCanwest news service. K. ]. }4 y. c) C! N
0 _- y7 C" B) k2 wCALGARY -- 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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: i0 @: q( Z' A' I9 f9 S# A0 z. qThe action, announced at an investor's conference in New York this afternoon, will double the staff reductions to 2,000.7 b# N" Z/ c: h( F8 O) g
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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.$ j8 I$ E0 n) G7 W
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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.", t0 @. |; g" V! r
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Mr. 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 ^9 {# }2 T2 l, MSuncor 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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