Thread regarding Cenovus Energy layoffs

Here it comes

Friday is the day. Get ready.

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Post ID: @OP+14aHrmXp

10 replies (most recent on top)

Automotive News says it’s a sign the coronavirus crisis will be short-lived: General Motors is not only reducing executive pay, but says it is “borrowing” money from salaried workers in the U.S. to protect its balance sheet.

By “borrowing,” AN means the company is cutting employee salaries 20 per cent starting Wednesday, April 1, but will pay back all that money in one lump sum by March 15, 2021.

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Post ID: @5tjc+14aHrmXp

No announcements needed when it's all Contractors.

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Post ID: @2xtq+14aHrmXp

For what’s it worth I believe Alex really is trying to look after the employees this time around.

PS. You were wrong about the Friday announcement so let’s be positive

Maybe Kenney and Justin will actually have a creditable plan to help out!

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Post ID: @2syu+14aHrmXp

Why don’t you whiners do the company a favour and quit? That would be a great savings. They don’t need ya. Bye bye now!

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Post ID: @2heb+14aHrmXp

Oilpatch company Ensign Energy Services Inc. announced a pay cut for its top executives on Monday, lowering the salary of its president and chief operating officer by 20 per cent and its chair by 40 per cent.

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Post ID: @1qrm+14aHrmXp

Along with WestJet layoffs: Also worth mentioning, WestJet's executive team is taking a 50% pay cut. VPs and directors taking a 25% pay cut.

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Post ID: @1tbs+14aHrmXp

In typical CVE fashion they will make the announcement at about 6:00pm on Friday so they don’t have to deal with any employees questions until Monday. They will hang us out over the weekend. I hope we are all wrong but it’s the way this company roles. After close on Friday they will announce how they’re coming after us and by how much.

I hope Alex is a true leader and the top guys get cut the most but I have my doubts. Again I pray I’m wrong.

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Post ID: @1hao+14aHrmXp

What’s a contract employee? There are contractors and employees. You can’t be both you twit

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Post ID: @1qsj+14aHrmXp

50% of contract employees is the rumour.

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Post ID: @oyl+14aHrmXp

layoffs in Calgary first then else where after ?

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Post ID: @ucb+14aHrmXp

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