ConocoPhillips Canada lays off 300 employees in September - Action News
Home WebMail Friday, November 22, 2024, 07:31 PM | Calgary | -11.4°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Calgary

ConocoPhillips Canada lays off 300 employees in September

ConocoPhillips Canada will lay off 250 to 300 employees, mainly from its Calgary head office, starting this week.

Majority of cuts to come from Calgary head office

ConocoPhillips says low commodity prices, combined with an inability to get product to new markets, has resulted in lower prices in Canada relative to other parts of the world. (ConocoPhillips)

ConocoPhillips Canada is laying off 250 to 300 employees in Calgarystarting this week, as part of a global staff cutof 1,000 employees, CBC News has confirmed.

"As announced back in July, the majority of reductions will be in our Calgary head office," spokesman Rob Evans wrote in an email on Sunday.

Employees were informed the cuts would take place around the third week of September, and now the company confirms the reductions will begin this week, Evans said.

"This is part of a ConocoPhillips global initiative to align our operational capacity to our planned activity over the next few years," he said.

The company says Canada is looking less attractive than some of its other operations, blaming low commodity prices and the inability to get product to new markets.

"Coupled with increased local cost pressures such as corporate taxes, regulatory compliance costs and property taxes, staying competitive in a global portfolio is a challenge for some parts of our Canadian business," Evans said in July.

Last September, ConocoPhillips Canada announced a 15 per cent reduction of its workforce about 400 employees and 100 contractors.

InMarch 2015,the companyannounced it was cutting seven per cent of its Canadian staff about 200 jobs.

The Canadian Association of Petroleum Producers estimates at least 44,000 direct jobs have been lost in the oil and gas industry since the downturn started.

With files from Genevieve Normand