So to recap… Alberta lost a corporate head office, a major O&G employer cut ~1000 jobs and they’re letting the pastor out who broke the law multiple times & are withdrawing charges & all @jkenney wants to talk about is an animated film? Wonder why.
Latest round of layoffs arrives at Calgary-based Cenovus following purchase of Husky by CTV News Calgary Staff with files from CTV’s Stephanie Thomas, March 16, 2021
CALGARY — CTV News has learned upward of 1,000 positions are being eliminated in the second edition of a workforce reduction as a result of the acquisition of Husky by Cenovus Energy.
The notices were being handed out in two shifts on Tuesday, with the first taking place in the morning and the second in the afternoon. CTV has secured documents indicating the total number of Tuesday layoffs was expected to be between 800 and 1,000.
Calgary-based Cenovus has not confirmed how many workers were relieved of their roles on Tuesday but the acquisition was expected to result in a reduction of between 20 to 25 per cent of the combined workforce of the two companies of approximately 8,600 employees and contractors.
Staff were instructed to login to their computer or have their phone nearby, as the layoffs were conducted virtually.
An email obtained by CTV News describes the stressful and challenging time for team morale.
“It’s going to be a hard few days, as some valued team members depart the company and remaining staff say goodbye to friends and colleagues.”
The team members who survive the latest round of layoffs were expected to be invited to a second virtual meeting where the company’s next steps will be disclosed.
Online health links were made available to those who lose their jobs due to perceived redundancies.
Cenovus Energy purchased Husky Energy in January in a deal valued at $23.6 billion, inclusive of debt.
The merger is expected to increase production to 660,000 barrels of oil a day, with an annual cost savings of $1.2 billion.
Refer also to:
Bankruptcy plan to let Cenovus/Husky “legally” escape clean-up, aided by taxpayer-funded courts? Cenovus (Encana spawn), buys Husky for $23.6 Billion, “including debt” (financed by Canada Pension Plan and AIMCo?); Will kill jobs Kenney promised would increase when he gave industry $Billions in tax breaks, mega corporate welfare, tax super holiday and citizen-financed propaganda (war room and Steve Allen’s witch hunt).
Norges Bank blacklists CNRL, Cenovus (split from Encana – now Ovinvtiv – after Ernst lawsuit filed), Suncor and Imperial Oil from Gov’t Pension Fund Global for unacceptable carbon emissions in Alberta’s tarsands. Updated with tar-pimping by Ms. Southern and Alex Pourbaix, CEO Cenovus.
Courageous (and funny!) Medicine Hat News Opinion piece by Jeremy Appel, ‘Energy war room an expensive joke at best,’ Inspires tart and bossy email from war room spin doctor, Grady Semmens, who previously spun at Cenovus (Encana spawn), Currently listed as executive for TransCanada Corp
Trudeau names Brian Ferguson, CEO of Cenovus (company along with Encana that’s been reduced to junk bond status) to Economic Advisory Council, possibly the most influencial people to be around PM and Finance Minister Bill Morneau