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Suncor to lay off another 1,000 workers! j* \2 m# q! t, {
Last Updated: Tuesday, January 12, 2010 | 06:03 PM EST3 B3 |# K7 O- u! F
Canwest news service3 S- {$ m/ X' h
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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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% Z9 X/ A; |1 G! G+ AThe action, announced at an investor's conference in New York this afternoon, will double the staff reductions to 2,000.
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- h3 z$ E, u0 w2 \4 c, X( D"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.8 n/ B* ?- ~( V
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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.", \' ?: ]" L9 k' O5 K8 F* f
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0 i9 M6 Z' T% G' | k. dMr. 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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