The move to reduce production rates and store excess bbl in the reservoirs will ultimately get to better overall profit. Better to hold back, keep oil in inventory for later sale at higher prices (lower discount). The Gulf refiners will be begging... read more
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Topics regarding layoffs at Cenovus Energy
Will I get the full 3-4 weeks severance or just the bare bone minimum? Alex can you please elaborate? Thank you for reading!
I suppose out of 700 ppl that were laid off last month not even 1 was qualified to be in SCM hence we must look externally...wtf.
Have ya heard?
Maybe the cuts are over?!
Looking for a partner at Narrows Lake and they’re putting two Deep Basin assets up for sale through BMO and TD.
In reading the comments on here, it seems most of the complainers still work there (clearly they didn't clean house well enough).... did you ever think that perhaps you and your behaviour are the problem? Negative nellies ..... If you can speak of a... read more
I did a full out belly floppin laugh just now. Really?? You guys searched high and low and came up with none other than the guy that tanked Talisman? Sounds like friend of AP aka Grinch btw. Former Transcanada too. FORMER CEO OF TALISMAN as the new... read more
Submitted letter of resignation this week after bonuses were paid out. After decades of service I feel no regrets, at all. Not a one.... It is too bad that they didn't let me go earlier in February, after having asked for it, to save the job of... read more
I heard CVE is accepting bids for the Clearwater Assets until March 9th. Any idea who might get them?
Stock price in toilet, cutting budget, cutting jobs, stock price still in toilet. What is the next move? Cut wages 20% the next move?
Now individuals are pushing their own crazy ill-conceived half baked schemes to make themselves look good in front of AP. Its the same old place, just another form or re-org without any real plan on what work there will be, who is needed to complete... read more
They done with cuts, so we can move forwad? Less people will make it easier to get things done.
Listen or read the transcript and it sounds like CVE was soft where jobs were not "full jobs". Can happen and employees get used to it, thinking what they've experienced as a job/culture is normal. Usually better once the cuts are done, best done... read more
Anyone know how many layoffs happened today?
It looks as if they have already breached my termination agreement. sending to lawyer now!
Good luck this week to the few that remain
If Cenovus offered up the same idea as Shaw recently did for their employees, what would the outcome be? 50% ask for severance? 30? CVE mgmt would get a huge slap in the face much like Shaw - everyone wants out. Who wants to work at a company where... read more
More uncertainty, more worries. What a mess.
So they confirmed that almost everyone below a manager is taking bonus cuts. Basically saying the average worker is over paid but the poor managers and leadership are barely scraping by. Alex says he wants to be transparent? Then post the whole... read more
Where did all the Finanace posts go? None of the replies violated the conditions setforth on this site.
Heard that the layoffs will resume today, Happy Valentine's Day...
Take into consideration the connundrum from Thursday (finance layoffs) and Alex’s Intranet comment...it’s clear there will be no evident repercussions. Alex, if you want to send a message to YOUR management, you need to be swift. Make an example of... read more
Source: http://www.cbc.ca/news/canada/calgary/cenovus-job-cuts-1.4523983 The woman, who CBC News is not identifying because she's concerned speaking out could hurt her future job prospects, said an email went out on Feb. 1 outlining the dates some... read more
I was monitoring how number of layoffs was increasing since November. True number is over 1500 as of today, including contractors and employees. Who don't believe check Alex's org chart with total available personnel. Currently is below 3500 when... read more
This isnt a suprise.. but way to go CVE!
What did everyone get for packages? 52 / base salary * severance / years experience = weeks paid per year of service. Please note your years experience too. Also, February is paid too right?
Hr lady asking all of us to look in the mirror Where did the post go?
Cenovus has been on slow decline for years. Instead of producing oil and gas they became a safety company..more concerned with bureaucracy than production. Mr Fergusan was a pathetic leader. .....I received a package in November after 25 years. Yes... read more
Hardworking and excellent workers are not longer "tolerated" by the company. They just can't survive any more. That tells you a lot about the survivability of this company.
Oh, what else is new. There is no future here as long as the C-Suite continues to be myopic and enchanted with PowerPoint slides.
Most emails and inc page messages alluded to majority Calgary layoffs during these cuts. Of course this wasn't the case, field took the brunt AGAIN and the fat was barely skimmed in the twin towers. At least the EVP/VP scene has been reduced greatly... read more
You need to take this with a grain of salt - this is unconfirmed and I got this from a dir level person. I heard that some more SLT reductions will be happening again once they are done with this round - they will be targeting about 200 folks. Again... read more
I was let go today. Package was really good in my opinion. Good luck to everyone that remains. Things are going to s--- for a long time. Not sure where the company is headed.
Safety Professionals RFO Contractors Electricians
Safety techs let go at CL this morning .... letting go of brilliant employees .... way to go CVE
Wow. What a surprise. Cenovus cuts off access before notification of being let go again. You’d think after all the rounds of layoffs they would have it down to a science.