Steam generators at the Christina Lake Cenovus Energy project, 120 km south of Fort McMurray, Alta., Aug. 15, 2013. Cenovus is planning major layoffs after announcing a merger with Husky Energy earlier this week.Energy Inc. plans to cut 20 per cent to 25 per cent of its workforce after it acquires Husky Energy Inc., the companies said on Tuesday, asThe job losses could total about 2,150, based on the size of their workforces, including contractors.
In the United States, Chevron Corp will lay off about 25 per cent of Noble Energy’s employees who joined the oil major after its $4.1 billion purchase this month, the company said on Tuesday.“As with any merger of this type, there will be overlap and there will be some difficult decisions as we work to create a combined organization best positioned for the future,” Husky spokeswoman Kim Guttormson said.
Better give the industry another 500 million in tax payer dollars maybe that will help.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CTVNews - 🏆 1. / 99 Read more »