Nexen Canada lays off 120 people
Nexen Canada, a subsidiary of the China National Offshore Oil Corporation, has laid off more than 100 people.
Company makes 'difficult decision' to reduce staff
Nexen has laid off more than 100 people.
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The Calgary-based oil and gascompany isthe Canadian subsidiary of theChina National Offshore Oil Corporation (CNOOC).
"Given the current economic reality, we havemade thedifficult decision toreduce our workforce," the company said in a statement.
"These changes impact approximately 120 Canadian employees. We take these decisions seriously, and all impacted employees have been treated fairly and with respect."
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