Thread regarding Imperial Oil Limited layoffs

Imperial Oil is Finished

I have it from a good source (high up in management) that Imperial is being directed by Exxon to reduce headcount. The legality of this is up for debate, perhaps Exxon will acquire imperial, but that’s besides the point. What we know for a fact is 1) Headcount reduction mandated from the top 2) first strategy is closing QP and relocating HQ to Edmonton, this will have the effect of voluntary quitting by about 15%, so IOL hopes, but probably higher. 3) second strategy is combining Kearl/CL under 1 asset which will also result in another 5% headcount reduction.

If you work in QP, get your resume polished, especially if you are not a high performer. Those at other sites that are low performers should also be worried since the high performing QP employees will likely displace you as they make room for them at your site.


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Post ID: @OP+1k69jmmm4

6 replies (most recent on top)

The writing was on the wall for Imperial the day they were conned into relocating the HQ from downtown to QP. This white elephant was a collosal waste of money, the fixtures and fittings almost technologically obsolete according to maintenance sources. The results are evident, idled buildings, low morale, lousy location....Deadmonton? ....Welcome..

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Post ID: @cp+1k69jmmm4

Calgary’s job market is horrible + Canada’s as a whole is weak, and uncertain global economy, so pretty bad time to be job hunting. More may follow than you think. Or at least sign up as so and then look for other options.

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Post ID: @cd+1k69jmmm4

QP and Calgary are done for. However, upper management is in serious denial if those numbers are true, thinking 85% will follow with relocation. 35% maybe...

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Post ID: @cb+1k69jmmm4

There is no way a senior manager told you that; they would all be under CA for something like this. You likely heard rumours just like the rest of us, or you are trolling. Doomsday09/29/2025?? No way, the OP is clearly trolling.

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Post ID: @a7+1k69jmmm4

Imperial would be better of without EM and the expensive and disproportionate overheads that they charge to IOL.

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Post ID: @a6+1k69jmmm4

Its only a matter of time before the regulators take exception to Exxon being too involved Imperial’s day to day activities ignoring corporate separateness.

Could lead to class action lawsuits from shareholders and penalties if they find exxon lends money, provides services such as IT or Payroll for a fee and other support services, all without a competitive bidding process to ensure imperial is getting the best deal for shareholders.

The writing has been on the wall for imperial for about 20 years.

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Post ID: @a2+1k69jmmm4

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