Topics regarding layoffs at Cenovus Energy

Topics regarding layoffs at Cenovus Energy

You have to pay for your own life insurance??

Enrolling in benefits and you can’t allocate flex dollars to life insurance or accidental death or even the LTD?? So it’s a payroll deduction for that, but you can’t opt out. Wtf. Why’s this even a “benefit”???? Meanwhile they go ehhhh look at the... — read more 

Minnedosa Ethanol Plant

Rumour has it Minnedosa soon to be shut down or sold. Pacific Ethanol is one of two major ethanol companies to report losses on Thursday. Pacific Ethanol and Archer Daniels Midland said in separate earnings calls the U.S. reaching a trade deal with... — read more 

The most important is to know when to leave

For those who haven’t stayed here too long but just enough to gain enough experience, Cenovus is a good stepping stone. As far as I know, most find much better jobs after working here for a while. Obviously, the most important thing is to estimate... — read more 

Company for empty talkers

It doesn't matter that someone is obviously an empty talker, Cenovus prefers such employees and they are the ones who will be promoted in the end. I worked for several other companies, but it seems to me that nowhere do they thrive more than here? — read more 

The Purge: CVE talent 'cleansed' from IT

Not many ex-Cenovus leaders left in IT after JH's sl------r. Replaced them with a group of yes-people and vendors and the same incompetence that drove Husky IT into the ground. Obvious personal agenda for JH, yet under the watchful guidance of HR... — read more 

Cenovus stock exploding!

https://seekingalpha.com/article/4507487-cenovus-energy-is-delivering-on-all-cylinders-and-the-shares-are-going-a-lot-higher How long will this go on?

FREEDOM 55

Layed off on January 26/21 After 22 years of working for Husky I "retired". Just finished filing my 2021 Income Tax Return. I paid $170K in income tax. Not a lie. Even so, still thrilled to be gone. Livin' Large !!!

Cenovus Band / Grade / Salary Info

Disclaimer: I am not an employee. Would someone be able to help me figure out what how Cenovus manages Bands, Grades (or whatever the organizational term is) within? Also, what would be corresponding salaries for those ranges. I see the info on... — read more 

IS Operations on standby layoff's tomorrow

IS Operations manager no longer with the company and an email from the IS director telling everyone in operations to not come in and work from home while they re-org and layoff throughout the morning. The churn never ends with these clowns.

Retention bonuses

Just heard that certain SVPs, VPs and Directors in the oil sands and downstream business units got massive retention bonuses. Because of course the operators and engineers at the working levels don’t do anything, the Directors, VPs and SVPs of oil... — read more 

They take people for granted

And so it happened, my boss was surprised that I decided to leave. I think I never felt less valued. Everything he said sounded like he was mocking me, almost like "Oh, you too managed to find a new job?" Terrible. When do you most feel like... — read more 

Growth and tripling dividends

Cenovus Energy Inc. tripled its dividend as it reported a first-quarter profit of $1.6 billion. The Calgary-based oil and gas company says its base dividend will increase to 42 cents per share from 14 cents a year and will continue to be declared... — read more 

20 4 20

This sucks even worse now that we have hit the target. What a great feeling losing a years PROMISED wage all because our management thinks we are all replaceable numbers. I hate this company

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APRIL 27

CVE to announce their Q1 results on April 27th. Stay tuned ...

Inflation bump coming?

With enormous profits due to high oil prices and low CAD, execs and sr leaders are raking it in through stock options. Anyone think they’ll throw p-e-ons a bone with a cost of living increase? I guess HR will look at what other companies are doing... — read more 

I see no reason to cut anyone at this time

Some rumors about cuts are constantly circulating. I really can’t believe there is truth in these rumors. Sure, there’s never much logic when it comes to layoffs, but I really don’t understand why a company would lay off employees at this time? — read more 

Stay Home

What other departments got the e-mail late this afternoon to "Stay Home and Wait By Computer" Tuesday AM? BTW ... Legacy Husky.

A system that demotivates

Many are dedicated to their careers. They want to get promoted, they want raise. They try in various ways to achieve that and then in the end.. they are cut because they have become too expensive. Isn't that the biggest irony? This system only... — read more 

Next Up For Sale ...

Cenovus plans to sell Minnedosa Ethanol Plant: Apr 07, 2022 — Calgary based Cenovus Energy entered into an asset purchase agreement with Green America Biofuels Ord LLC to sell its 130-million-litre .. https://www.dtpf.com › blogs › blog-post ›... — read more 

I don't care about layoffs anymore

Given how miserable it has become to work here, I don’t care about layoffs at all anymore. Moreover, layoff would come as a relief for me. Staying here is just prolonging the agony. Even if I go through short-term stress, I know that everything... — read more 

MAJOR CULTURE CHANGE

The October fire at Lima refinery that injured four workers revealed to management that the culture in downstream MUST change. It is for this reason that external personnel (SVP, VP, Director, SME) have been brought into the organization. CVE... — read more 

Why the need for layoffs?

To keep the executive gravy train going. Keep in mind CVE is a constant underperformer in the industry. 2021 executive compensation, per the Management Information Circular: Alex: Total compensation $13.4M (47% increase), $2.9M bonus (237% of... — read more 

Unethical Company!

Is this an unethical Russian Company!!??! Are they really going to lay people off while oil is over $100 and they already pi$$ed away one billion on their own bad decisions! I hope the media and public opinion roasts this company

Huge loss of almost a billion!!

It was just announced that Cenovus mgmt lost almost a billion dollars in hedges in Q1 alone. How are they not fired? How does the CVE board not hold them accountable? Alex and Jon made such bad decisions and who wants to bet they are getting huge... — read more 

April Showers ??

Is everyone prepared for Tuesday April 12th? Downstream especially shouldn't get too comfortable in their new cubicles. New management believes in third-party technical support. Good news is there may be opportunities with Bantrel.

Just a job

"It's just a job" is the best advice I have ever received. Those who realized that this is just a job don't have much to complain about. They are there for the money and that’s it. The problem is that others expect more than just pay for what they do... — read more 

Cue the exodus

Once bonus's are paid out, sit back and watch the exodus. On to bigger and brighter things for those who are able!

How long before the luck runs out?

I can only imagine what it would be like here if the oil hadn't gone up and what it will be like when the price starts to fall again. It is questionable how long this luck with high oil prices will last. I do not intend to wait for the package... — read more 

CENOVUS IS HIRING

Please check out Cenovus Careers Page. We have some interesting postings. For example, Senior Downstream Operations Advisor. Hate your wife? kids? divorced? Then this position will fit your lifestyle perfectly because, despite being Calgary... — read more 

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