The current round of layoffs will take place in Nexen offices in Calgary and Houston from now to 1Q 2018, and the company name Nexen will cease to exist after completion of the reorganization.
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Integration progressed slower than expected. Layoffs, redeployment, outsourcing, and other staffing changes will occur in Q3. Layoffs may be associated mainly with discontinued projects.
The new CEO announced his senior management team today. Integration will continue and the new CNOOC International will become operative in July 2018. Changes in organization and staffing are expected to take place in Q2.
The new CNOOC International organization and leadership team will be communicated at the end of February. Decisions on staffing at Europe and North America locations will most likely be made in March and April.
The CNOOC International organization has not been announced as of today. It is not clear if integration will be completed by the end of February as originally scheduled. This is uncertain time for London, Calgary, and Houston offices.
Sporadic layoffs occurred in October and November. The plan is to announce the integrated CNOOC International organization by late December and to fill all the positions by the end of February 2018.
Layoffs in the Houston office took place on Tuesday October 3. Less than 10 employees were affected.
This is reliable information. More layoffs due to outsourcing and integration with CNOOC in February. Very few will remain in Calgary. Yet oddly enough there are some VPs that do nothing that still have a job there. They know how to please the bosses in Beijing I guess.
Layoffs in Houston will start Monday things will not get better until the current Canadian leadership is removed
The 2017 layoff has started on Tuesday September 26, which affected 52 employees at Long Lake facilities and Calgary office.
Is this a surprise to anyone?
Canadian ops of Nexen are not profitable. All eyes of cnooc are on UK and US. Hence 2 major offices there with a small presence in Calgary . 3 former CEOs of Nexen done enough damage making stupid decisions to waste money on oil sands and killing a company that was one of the greatest global Canadian oil players.
How reliable is this info?