Thread regarding Suncor Energy Inc. layoffs

Main Suncor Layoffs Thread (October 2020)

Post any updates or questions in this thread...

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| 3000 views | | 9 replies (last )
Post ID: @OP+17eztMQl

9 replies (most recent on top)

Any word on the layoffs yet. Anything from Fort hills or firebag?

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Post ID: @7opm+17eztMQl

Happy to see the share price in the toilet. This place is run by mo–ns.

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Post ID: @2yxe+17eztMQl

Not sure why everyone is upset or complaining about nepotism. it happens everywhere, no one likes to admit it, but pretty sure you've made a reference or put in a good word for someone before - and pocketed the referral bonus. I've worked in groups where I was the 'only' non-relative and it put the fear of gawd in me during layoff rounds, because I knew exactly who would go first (me).

We talk and complain about being overstaffed, and old-boys club, but this was always the case, we just got some of the leftovers, when the leftovers were good. Now the management is fighting for sc-aps (foie gras ain't cheap) Its not like Suncor is the be-all and end-all. They are a manufacturing company, posing as an energy company, and now pivoting into the biggest scam of all-time (AM/AI - no one even knows what it means) hiring lots of people to create redundancy everywhere and then firing them because you don't need redundancy for 5 Production accountants. Frankly, no one is indispensable (even the GMs or people w/ C's in their title) there and it will play out in the public equities markets. it might just happen sooner than some people (ppl who are left there) will realize

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Post ID: @2mmd+17eztMQl

Just a repost from an insider earlier this year:

Oakville/ Mississauga: White collar jobs:
It's "who's your dad" OR "father-in-law". Every Gen Xer on down to Millennial has gotten their job through some now retired boomer who worked or was connected with Suncor/ Petro-Can Oakville.
Lots of deadwood. Really could trim some fat here. A bloated mid-level / Jr Management.
If head office (Calgary) or shareholders were ever dialed in enough there could be some HUGE cost saving's with downsizing/ eliminating this unit.
A lot of money in Oakville......... and their kids had to work somewhere.

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Post ID: @1abh+17eztMQl

I'd echo what @eon said below - we knew it was coming ever since Syncrude happened - now all the culling starts

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Post ID: @rgi+17eztMQl

Suncor-Syncrude "realization of synergies" never actually happened. This will happen now.

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Post ID: @eon+17eztMQl

They’ve been overstaffed since the merger with PetroCan.

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Post ID: @tmy+17eztMQl

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