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 anymore.
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The focus is on cost reduction, which is not necessarily on headcount of permanent employees. It is a tough task though, not sure if anything can be done without labour cuts. By next Qtr earnings call there will be some updates.
Suncor accelerating job cuts as per third quarter conference call. God speed
Q3 results also with loss. Management thinks that cutting positions will save the situation. Give you head a shake. You must focus on assets that bring value. Why wanting to sell assets outside of Canada? Focus on oil sands? Putting your all eggs in one basket? Or you think CNRL is an example? Well, they don't spend millions on SAP system like Suncor does. I don't get it