100 upstream
100 downstream & corporate
60 EMIT (33%)
40 EMC
55 replies (most recent on top)
Anyone hear anything today? In our meeting last week they said people could be notified as early as today...
EMCE is only cutting 40. The other 60 is coming from EMIT.
@4uck+186MrYGx If it is one month for every year that is very generous. Required by Canada law perhaps? In the USA a 10 year employee gets 12 weeks as an example.
Sad to hear EMCE is cutting 25% (100 of 400). We are cutting 30% of the group I am in down here in the states so I feel your pain. I suppose it is inevitable since Hibernia tiebacks are dead now and won’t need any of the drilling team.
@3ala+186MrYGx Wake up and smell the layoff. Everyone everywhere laid off the contractors months ago. We’re keeping score of the employees laid off now.
Anyone here know what severance is being offered to those in the EMC St. John's office? Is 1 month for every year of service accurate?
Not enough yet. Need a lot more cut.
Yours truly,
Friends from America
They also cut 450 contractors this year prior to this announcement. That makes the total cuts around 750
ECME is somewhat profitable, depending on price. Drilling at Hibernia may never return with low cost production in full swing in South America and South Africa. I'd say you can count on those drilling jobs as permanent layoffs now, although most will not show up on that scoresheet...gonna be lots of stranded assets in NFLD, and Alberta....
I will say with a high degree of confidence that it was not a bottom up assessment.
Are Canadians on expat assignments in scope? This was the case with US study so assume the same for Canada?
Try reading the comments. There are still studies underway and further cuts coming.
Canada has a fraction of the US workforce. EMC is just over 400 and we’re cutting 100...
At least EMCE is profitable. Probably missed the chance to extend Hibernia’s life though. I doubt we will ever do the subsea developments if we couldn’t get them funded a couple of years ago when the last push was made. A shame really. Our last LCM was right that timing was now or never. Looks like stranded assets and writedowns are going to be our future.
Are you kidding me? That’s it? In USA we are in layoff and send jobs to India beast mode and Canada is cutting a couple hundred? What a joke. Are there some big expansion plans no one knows about? Last I heard we were bleeding cash in the oil sands.
What did the managers show up in a room and say I’ll go 100 if you do 100. What a bunch of lies. There was obviously no detailed study. These are garbage numbers.
Does management have no clue of how bad for morale it is to have constant small layoffs? Get it done already. No way 200 is the end if this.
So much for the bottoms up detailed study BS. If they can’t get a real study done by now fire them and get someone competent who can. I could have pulled these nice even round numbers out of the air months ago.
It doesn’t have to be slow. Give them a one way ticket. What takes long is our Staffing and development group trying to find hi flyers their next perfect job with high pay while the rest of us are told to s— it up and be glad we haven’t been fired.
Canadian politicians need to lean hard on USA and get KeystoneXL built. They can start by approving the several other pipelines proposed within Canada. The transport to market costs are k–ling Alberta.
His much did we pay for this detailed study that ended with such nice round numbers pulled out of the air. Sorry but when the numbers end up like this I have zero confidence that they were based on company needs. Looks to me like outcome was 100% political negotiation. Do better. Not right. All parts of company are cutting and yet I see some divisions behaving like this.
Rumor is that expats won’t go in this round. It’s expensive and slow to repatriate people and they want this done as quickly as possible. More likely to be PIP’d next round though.
Hopefully the expats will get sent home, there are several that really need to go.
St John's offshore
@@2syp+186MrYGx 30 in Saint John, or St. John's? I.e. EMIT or offshore NL?
30 heads rolling at EMCE in St. John, lots of deadwood there - should be easy pickings.....
EMC is now run by a handful of inexperienced youngsters who excel at presenting the corporate image and lack depth and substance. And they continue to promote the nicely dressed, those with the corporate polish, those who lack experience and core skills for oil and gas. And this is based on a global template for success. What will it take to realize we need substance , we need to put aside political correctness and basically manage the place like professionals with integrity. Basically mangenit like adults, not youngsters who aim to please at all company costs.
Canada decided to be extra cruel. They already finalized the layoff targets but decided to make people wait out another weekend before notifications.
Can we drop the “assume good intent” BS yet?
Is EMIT Canada “winning in the turns” yet, SD?
1/3 EMIT 😂
The EMIT Canada lead told everyone they shouldn’t be worried just because EMIT in EU was slashed. If we knew what he knew, we’d be optimistic too. What a joke. Well, I guess he can be optimistic because it’ll be fine for him and his band of merry a**kissers.
Additional cuts coming Feb 2021 for field.
I was expecting more considering US unconventional is cutting 30%
Lol, lots of talk about making ourselves competitive through digital initiatives and data science and automation and then they take a chainsaw to EMIT laying off 1/3. Of course the ones who stay will be the smooth talkers, PowerPoint jockeys, program managers, project managers, advisors, assorted sundry leaders of one kind or another, agile somethings or other and architects who will continue to do a brisk business meeting with each other, hiring consultants to tell us what to tell the peons (Kotter took us for millions) and posting to Yammer. Based on the stock price, investors stopped believing a long time ago, time for the employees to wake up and realize there is no plan.
33% EMIT? Now maybe EMIT LT will stop pushing that Slingshot BS that was supposed to save jobs by showing how valuable EMIT Canada is.
Right up until the last EMIT general session, the clueless LT kept saying it won’t be as bad as feared. Either they’re a bunch of liars or they’re id–ts who can’t see big picture and shouldn’t be leading.
As mentioned in this forum recently, the great Canadian scam was unveiled today. No voluntary redundancy was offered, much to the chagrin and disappointment of many. The top heavy Finance Function, as predicted, came out unscathed. Speculations are rife that the axe will fall after year-end process is completed by end Q1.
Stated scope did not look at all organizations. I recall it being stated about 1200 positions were evaluated but maybe that is just F&L. In any case the big news is it was stated this is only what could be executed immediately, they already have specific names on the list for this layoff, but that ongoing studies on future organization structure and TMTS will start to implement in “the spring”.
Additional upstream field cuts coming in Feb 2021 because that study isn’t done
What are the selection criteria?
The impacts of these layoffs could have largely been mitigated using the voluntary option yet they decided to Not use that option partially or wholly. Don't tell us how hard this is for you, you decided to allow the impact to be greater than it needs to be.