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Suncor to lay off another 1,000 workers7 j# D2 t. D2 M
Last Updated: Tuesday, January 12, 2010 | 06:03 PM EST
% p# j1 p% }% J( CCanwest news service
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" Y, {0 [. ^, ~ n/ pCALGARY -- 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.! _* h3 a; ^: ^& [1 U
- c; D' c+ d& F8 q0 y& `$ ?2 c( }" DThe action, announced at an investor's conference in New York this afternoon, will double the staff reductions to 2,000.
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' ^ n6 T2 i9 Y. l3 S"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.
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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.", Q- X p- o# |# m5 M
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5 i5 d0 I# s' O! C) ` {$ W5 a* jMr. 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.0 Q- q0 @; @0 U
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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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