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Suncor to lay off another 1,000 workers) f8 m4 V0 V/ u" n2 z% {
Last Updated: Tuesday, January 12, 2010 | 06:03 PM EST6 N# l8 G' U# O. l9 E
Canwest news service! O. Q( q, @+ ^8 G: ]0 r, i* `. Z
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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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The action, announced at an investor's conference in New York this afternoon, will double the staff reductions to 2,000.- F2 Q- [. g. H 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.$ Q) k5 c2 u/ Q& [ \, L0 J/ |
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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." e' o3 U" p U, j% W( U
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- f) `9 f( V: t( aMr. 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 $25-million.: b G0 _( Z7 K3 W; q1 L! \
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$ j$ j7 P& [$ z0 M6 t! tSuncor 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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