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Suncor to lay off another 1,000 workers
7 V7 U' e% _, g Q& n4 ^) ILast Updated: Tuesday, January 12, 2010 | 06:03 PM EST* f2 h% T6 y B# a' R1 ^4 J n& B
Canwest news service% l( E$ }$ S9 h8 D: q9 C, d8 `* K
0 S4 T1 I, u2 p, A9 ]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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& B- S* A7 Y/ H7 C- _; WThe action, announced at an investor's conference in New York this afternoon, will double the staff reductions to 2,000.
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/ y" G o* X2 b0 x"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."
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1 @2 }: C6 r# V: K) t. B+ u* NMr. 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 $25-million.
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' O7 E' I$ t! F9 J0 c, h3 V3 V" HSuncor 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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