Just a branch office, small branch at that just a twig.
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This is what we were all feared. Layoffs by Chinese will never end. They should be prohibited to NA for all investments. US is doing the right thing squeezing them and applying more pressure. Nexen would have been way better off without this takeover. Now we are faced with layoffs, with their Emperor management style, more work and more stress.
North America organization may continue its operation from Calgary, but in the long run Global Exploration may move to Houston with only a few teams remaining in Calgary.
For such a small branch office they seem very heavy at the top, Chairman, President, North American CEO, numerous Senior VP’s? Seems strange considering there’s less than 400 people still working there in Calgary now.