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Suncor to lay off another 1,000 workers
5 D5 Z: Y \8 A; Y& {Last Updated: Tuesday, January 12, 2010 | 06:03 PM EST9 V5 ^( U& @! e8 ^: d* Y* a6 N4 x
Canwest news service
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; y: ?! y. L4 g7 H; w: @( B. ECALGARY -- 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.- @" e2 l8 L) s1 m" a
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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.; j2 j. T7 ` b+ q$ _8 P b: s
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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.4 `& O- a% e ~
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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."# F; _2 q& ~3 Q9 U$ u
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* T& f1 o) E9 h! \+ m7 G$ wMr. 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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# o1 j) ]' ?3 J( I) i! z7 d2 NSuncor 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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