Hear a lot of young people say they’re leaving O&G. Understandable, but if you can hold on til mid-‘21 I think you’ll be surprised at rebound. It’s cold comfort now, but a vaccine will happen, Demand will surge, & industry will recover. Hang in there.
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Ovintiv, formerly known as
@encana
, confirms layoffs are taking place company wide this week. An email went out to Calgary staff on Monday announcing senior management restructurings & informing of coming cuts from executive level down, including field workers #abpoli #OOTT #Oil
Ovintiv says it is "right sizing the organization," that it took measures early on by significantly reducing activity in Q1 and reducing Rigs from 23 to 7 company-wide. It says that means future activity will be lower than prior expectations.
https://twitter.com/TaraNWeber/status/1273318150310776833
Ovintiv says the workforce reductions are near equal percentages across all operations and locations. The company has 3 corporate offices – Calgary, Denver & Woodlands, TX)
The number of impacted workers is not being provided today.