On the call, HR Paul mentioned there is a list of employees who have not returned to the office. HR is getting ready to end work-from-home in January.
You're unlikely to be too stressed, because everything moves at a snail's pace and there's really no repercussions for being wrong.
There were supposed to be cuts yesterday, did that happen?
G&A costs too high. Citing focus on more profitability, recession concerns and investor concerns on debt amid inflationary environment despite high profits due to current high oil prices.
Oil price is dropping. Gas prices are going up. I hope there shouldn't be many surprises with earnings results?
Sounds like fun
Biden and Whitmer are about to shut off line 5.
Anyone would care to chime in with a prediction about potential Suncor Energy layoffs? Any chatter, news or rumors?
2000 to be released by Christmas
Any more info out about the positions that will be cut during the merger?
Seems like layoffs are happening quietly and sneakily - I and 30 other people (that I know of) were laid off during "goal setting" meetings with our leaders. It is an unfortunate way to treat employees - watch out for crashing morale! This is not... — read more
Considering the price of oil now, are you impressed with the earnings? I’ll just drop this here - https://www.fool.com/earnings/call-transcripts/2021/02/04/suncor-energy-su-q4-2020-earnings-call-transcript/
Good, technical people, mostly with mining expertise, laid off last week. Investors should be very worried, this is no longer the progressive money making company it once was. Disasters and accidents will follow, and this company will struggle... — read more
Here's the thing, we've been having constant layoffs for the past year or so. Some bigger rounds, some smaller ones that mostly flew under the radar. But the point is that the company keeps laying people off - with severance. So why are some people... — read more
Suncor's plan to become Syncrude main operator will include job cuts The oilsands will see more job cuts after Suncor announced plans to become the main operator of Syncrude by the end of 2021. Mike MacSween... — read more
There you go... Suncor is going to take over operations by the end of next year. Syncrude will essentially be dissolved administratively and become one of the many projects under Suncor's umbrella.
Will there be any Suncor Energy Layoffs 2021? Any news or rumors?
Read on a thread that someone in middle management was laid off signaling the beginning of layoffs, and yet this board is eerily quiet. Can anyone confirm this? Were any BUs hit? If so how many were impacted? I know this has been a month long wait... — read more
Anyone have any more details about moving Mississauga and Oakville offices to Calgary? When asked how many net jobs would be brought to Calgary - taking into account the possible jobs lost in Calgary due to the company’s restructuring layoffs -... — read more
A friend of mine, long term employee of Suncor, well-liked and in middle management, just was laid off on Tuesday. And, just four weeks after her mother died. Corporate culture. I really have to work for myself in life. I can't deal with companies... — read more
Thinking about Suncorp’s decision to pull out of industry by 2025 has me a bit curious - will it affect Suncor and how? Is there someone with good insights to share more on this topic? These are old news but it was never clear to me if it... — read more
That's about two thousand people. Good luck to everyone! https://finance.yahoo.com/news/suncor-layoff-15-staff-amid-070725656.html
The federal government will have to support our industry more as it is the lifeline for the rest of the country. Most of the time it is Alberta that supports the rest of the country with transfer payments including the lefties in Ontario and the... — read more
Post any updates or questions in this thread...
Let that sink in. Look who's still getting tons of money?
Is it true a whack load just got laid off at fort hills from this corona
Do you know how many employees work at the co? How about the HQ at Calgary?
There is talk about major layoffs at Suncor in the first quarter, can anybody please provide more info on it? What will be hit, when, how many?
What's your prediction as it relates to the possiblity of Suncor Energy Layoffs 2020? Any news or rumors?
What are your thoughts about potential Suncor Energy Layoffs in 2019?
There you have it, there will be more and more of this in years to come. Self checkout, smart cars will self drive, stores will need no employees, bitumen extraction will be self directed, accounting rules will be automated, so who will have work?... — read more
I hope things change quickly
When will my job be safe? Never! Right, that's our modern capitalism - that's probably why there are rumors about layoffs in Calgary.
Yes Suncor, one day when the economy gets better, we will remember the lack of solidarity and hostility you showed us (canadian workers) during these trying days.
Came here to see if someone had any information about layoffs in Calgary.
Just saying, many assume that the turnaround is right here, but I say that Suncor will suffer much longer
Calgary based Suncor is energy company that specializes in production of synthetic crude from oil sands decided to reduce its workforce by 1,000 and cutting $1 billion from its capital budget. The job cuts will mainly affect contractors.
Suncor Energy announced today that it plans to cut 1,000 jobs, primarily contract positions - the goal is to cut $1 billion out of its investment plans this year.