I certainly would not want to be part of Refining & Logistics (R&L) where the capital guidance is $1.2 Billion to be spread out over four refineries and terminals. With only 20% earmarked for ‘economic’ projects, Freddie is making good on his... — read more
Apparently Rich was very outspoken at Imperial Oil and then departed suddenly in 2019. Interesting … guess that is what Board of Directors was looking for in a CEO.
Remember when Charlie Sheen went off the deep end with his “winning”? If not just look it up on YouTube to refresh your memory. Every time I hear Kruger talk about “winning” Sheen comes to mind. Suncor is not winning. Over the past year the stock... — read more
With the stock price hovering around $40, there is a rumour that Rich will not make it to his first year anniversary. Anyone else heard this rumour?
Read the first paragraph … https://suncor.wd1.myworkdayjobs.com/en-US/Suncor_External/job/Heavy-Equipment-Technician--Shovels-_R0006594
Even the announcement that Terra-Nova is back on station and ramping up production can’t help the stock price. Poor Kruger … can’t seem to make any headwind … perhaps his eyes were bigger than his stomach?
Layoffs expected to save $450 million or $1.50 US per barrel. Target is $5.00 US per barrel. Freddie stated the company will now focus on the “corporate side” as it attempts to reduce break even price. So in other words … layoffs will continue in... — read more
Watch for postings in late January and March/April. Mass exodus of skilled professionals once RSUs vest and bonuses (if any) are paid out.
I was let go in September. Right now I am a consultant with three small firms. All work-from-home. Bet my Director with nothing but Suncor experience could pull that off.
In a bizarre reflection of who got laid off, I realized that all the commuters I know have been mysteriously protected from layoffs. This could be wrong if someone can mention they know of someone. Everyone I know that got laid off has their main... — read more
Rumors have it that end of FH FIFO may be next in cost saving initiative Welcome to Fort Mac Soon!
https://www.bnnbloomberg.ca/commodities/video/former-suncor-ceo-mark-little-on-why-new-technology-is-often-incubated-in-private-companies~2798660 Does anyone miss Little?
Just wondering, does anyone have a number to which how many layoffs were in the Fort McMurray area between Syncrude and Suncor? I know the original number of 1500 ballooned to around 2000. What is this going to do to the local economy? Is anyone... — read more
The new organization charts are out. In my department we now have a GM with three reports. One of which is a Director with two. The other is a Manager with one. Third guy has none. Fortunately I still have a job as a contributor.
Just wondering what is the next step after the layoff? Accept it, and Jon counselling obviously. We were told this layoff is not a site ban, and we can come back as contractors or Suncor employees if a position open back up. Is anyone going to... — read more
I just wanted to know what was thought about the layoffs? Were they fair for everyone, and for those that got laid off? They are hard, and the person that gets laid off goes through a very difficult time. It can take an emotional toll. It can be... — read more
Suncor stock price is down 3.4% year-over-year while oil prices remain steady. Looks to me like the market is lukewarm on the changes Freddie is making.
Did you notice that the previous post about a First Nation employee who was laid off has been deleted. It is true that our C E O Freddy K. doesn’t respect any truth and reconciliation agreement for indigenous people and Métis. I still remember... — read more
I came to the realization that I am guilty of greed. I took the position with Suncor a couple years ago for the promise of RSUs. Pay and benefits were low. Suncor did not recognize experience when it came to vacation. Then came Kruger. Those of... — read more
Environment Canada has issued a snowfall warning for this coming week. Enjoy your daily commute !!
Any news on what’s planned this week? I hear fort McMurray base plant is getting hit. I’ve also heard we crossed the 1500 number? Insight appreciated.
So when I started at Suncor it was 100% work-from-home until April when it was 3 & 2. We were able to pick our days at home so I selected Monday / Wednesday. Starting tomorrow, Freddy Kruger is forcing everyone back to work five days a week. I... — read more
I heard that the next round are the useless power hungry BTLs @ Syncrude . Any truth to this? Any updates?
Anyone know what number we are at?
I am thankful that my layoff came in July. I spent time with the family when the weather was nice before school started up again in September. Now that fall has arrived, I have time to complete some yard work as I start my transition program with... — read more
Outsourcing - it should be illegal. It takes away Canadian jobs, and giant corporations get away with paying their employees from India next to nothing. This is WRONG!
There's so little info being shared internally. Which teams have been hit hardest? Which haven't been hit yet?How close to 1500 are we? Post what you've heard.
At Suncor it is common practice for SCM and Project Management to prepare RFP for some scope of work. They pretend to competitively bid the work but in reality only send it to the preferred EPC (Worley). The justification is that they want to... — read more
As a former employee of Suncor, I felt compelled to share some advice to those facing termination as part of Workforce Reduction. Over my career I have been employed by four integrated oil companies. Suncor was by-far the most bureaucratic... — read more
Lmao, the BYOD program for contractors is the biggest horse$hit I have seen Suncor rolled out so far. Contractors won't get a credit to buy a new laptop, but yet they need to bring a reliable laptop to work?? I foresee Cyberattack 2.0 in the near... — read more
Kruger’s op-ed in the Calgary Herald today is so full of bull $hit I felt like I was in a feedlot outside Brooks.
Imagine the Great-Place-To-Work score since Kruger took the reins.
How are you interpreting the new WFH policy announced this morning? Full return to office but "maintaining flexibility" whatever that means...
So I was released as part of Round One. An easy cut since I had been at Suncor under five years. Suncor was not the highlight of my career working for major oil companies. But what burns me the most is that my Director saved an ethnic minority... — read more
what have you heard
Round two starts next week and layoffs will occur every week through the beginning of November.
When I hired on to Suncor, HR had very strict policies regarding vacation and benefits. Times were lean so I accepted their low-ball offer on the basis of earning $50K in RSUs every year. Well guess what? Kruger’s ‘Workforce Reduction’ ended that... — read more