No parent in their right mind would ever ever tell their kids to go into oil and gas let alone at Cenovus. Non stop layoffs, eight or nine rounds here alone. You have a very warped view because no student would go into school right now with an aim of... — read more
Do they have a long-term strategy at all?
Voluntary layofffs / packages is the dumbest thing a company could do. Great for those that go voluntarily (usually the smartest and brightest), but what is left are not the smartest or brightest and would not be able to find a job anywhere... — read more
Really Alex?
So lots of promotions and lots of duplication. We need. SVP of safety, an EVP of safety, and then two VPs of safety, and of course a director safety. Great job Alex. That’s a lean and mean structure for sure. All of that in place of one VP of EH&S... — read more
Reverse Takeover My Ass
Where's that guy who said this was a reverse takeover, I have a bridge to sell you.
Layoff Suggestion Box:
HR: could you please provide the option to volunteer for a severance package. I will 100% take one if offered. I didn’t get a retention bonus and I’m senior enough and have a certain sought after skill set, so I have options at our peers... — read more
Layoff preparation. We might need this just in case.
I just saw in CTV about employment law. Just in case we have some questions if we ever got laid off. https://stlawyers.ca https://www.severancepaycalculator.com Lost Your Job? Disability Denied? Discover Your... — read more
Is the CEO in Maui against government travel recommendations?
Is he gathering elsewhere with family while the rest of us spend Christmas hunkered at home worried if we’ll have jobs in the new year?
Day 1 and the only good thing, where is it?
The only good thing about the merger is the LTI payout. It’s day 1 where’s the payout? Does anyone know when we get the LTI payout???
Upcoming Layoffs
Cenovus is bad. It's bad for your health. So much stress and non stop layoffs. Sick
All approvals in place
https://www.cbc.ca/news/canada/calgary/cenovus-buyout-husky-calgary-oil-petroleum-industry-1.5850688
Compensation and Benefits at Cenovus
Question from a current Husky employee! Unsure if I will be with the new company in Calgary, but I am curious on the benefits and compensation at Cenovus, since eventually we will have to all be on the same system. Can anyone there provide some... — read more
Merry Christmas Alex!!!
Thanks for the great holiday gifts. The anxiety, sleeplessness, and job insecurity went great with the side of COVID. Much appreciated!!! I just finished reading to my children the classic tale of Mr Scrooge, especially relevant this year I thought... — read more
And the award for the most tone deaf SVP goes to..
The great soon to retire SVP and his “Ending 2020 on a high note”. This SVP gets to retire with millions of dollars and a $600k retention bonus while the average employee is laid off (2,000+) into the worst job market ever. But hey at least the... — read more
Welcome to the new owner.
Welcome to LKS as the new controlling shareholders (and soon majority owner).
Anyone else losing drive?
I find myself having a hard time being positive about any work with these layoffs coming. Every time I see a post I just think, wow Al is smiling and telling us what a great safety job that we all did but we are still going to lay a whole bunch of... — read more
No minimum staff at site
Why does cenovus feel it’s above the law? Alberta has mandated that only esential people are to be at the work place and we haven’t reduced any frontline workers on site. We were minimum staffed at the start of this pandemic, but we can’t... — read more
Now Many Layoff Rounds Now?
I’m trying to remember how many rounds of layoffs this company has been through now since the split from ECA. Including this one I think we are at 5. (Maybe it’s 6). It started in 2014, so I think we are averaging one major round per... — read more
Stop wasting your time
I think there are only 10 guys on here stirring the pot everyday. Just go do your jobs and don’t create drama here. Everyone is stressed and worried, there’s way too much going on and every time one of you post something you’re affecting the mental... — read more
F it, As an IMO team member I need to vent
I’m not getting a retention bonus so put the pitch forks away. The lists are being made. Female managers are given priority for safety. It seems as if there is an effort to rid the new company of ethnic minorities, the go list is very... — read more
Layoffs at Husky worksite announced after company gets $41.5 million in public cash
https://ca.finance.yahoo.com/news/layoffs-husky-worksite-announced-company-230906851.html
Retention Bonuses !!
Well, leadership completely lied when they said there were no retention bonus. Many employees out there, probably all those on the IMO get a retention bonus of 6 months and a year. It’s in the IC document. Check out the Husky posting for the... — read more
Trust Leadership?
So here is a poll. Who here trusts our leadership to do the right thing when it comes to the merging of the two companies? My bet is our mgmt gets beat out by Husky. Their reputation for cutthroat managers is legendary and the corporate culture over... — read more
Idea
So we complain here and nothing comes off it. The incompetence continues. So how about we use this space productively. If you see interesting job opportunities, put them here so that people can apply!
I’m Leaving when I get my LTI payout
Respect the new leadership and what the company is trying to do with the new portfolio but I’m looking and planning to leave to another role/ industry like many currently are in the company/ finance team after we get our LTI payout. Seems like... — read more
LKS is the new owner
LKS will be the owner of this new entity before to long. His family will run all decisions in a heartbeat. The name will change and management will shuffle, but this is LKS firm at the end of the day.
Who decides these announcement?
The “org” announcement today is the biggest non-announcement ever lol. Who is that for? What value does it even add??????? What a completely useless non-announcement. Like anybody is surprised by or didn’t know where the boxes would be.
What a joke
How many assets is CVE buying that aren’t worth anything on paper right now? Refineries are hemorrhaging cash and not making any profit. The Husky Thermal projects are low tier. Husky corporate culture is brutal from what the employees over there... — read more
UNIFOR
I’m hearing they are back on both sides... Any truth to this news?? Makes sense given managements disregard to staff well-being and mass layoffs very soon..
Have good holidays folks
Don’t spend money, because layoffs and don’t visit family, because Covid. This can get real really fast and affect your mental health. Take care and take the time to do solitary fun things to take your mind off the big boulder sitting on your chests... — read more
New organization
So is it really to be assumed that the talent portal is actually going to be used. Are we really going to assume that HR is going to review ~8000 profiles in a few weeks and make a decision on everyone or is that just for legal show?
Clean up.
You should probably clean your space at the office, collect pay stubs, etc. as the deal will close sooner than one may expect.
I'm giving new Cenovus 5 years max
Given the management team put in place I give Cenvous an absolute max of 5 years before they have to sell themselves. This is proving to be a combining of inadequacy rather than a synergistic blending of talent.
Leadership team announced
Well - here was the first opportunity to lead by example and shrink the size of the CLT. Instead, there are now 11 members, 5 of the former Husky members “have agreed to take on other leadership roles within Cenovus”, and only 2 of the separate... — read more
Husky got asked to upload resumes
Husky is basically having people reapply for roles by the looks of it. Upload resumes and such
When do layoffs start?
Does anyone know when layoffs are expected to start?
If this is how they do Covid Safety, just glad I’m not out in the field!!
Imagine how AR keeps folks safe in the field?!? If it’s anything like covid is being handled at head office, then I would be terrified in the field!!
What the merger tea leaves are saying
You guys see the IMO list? I laughed at the note that this is not the future org chart. Looks very much like who’s on the future org chart to me!!! DZ and his buddies. The sponsor VPs are all just there to actually make the work happen via their... — read more
Is it safe to be in the office?
Frankly I am not sure... I think it is airborne though. Canada quietly updates COVID-19 guidelines on risk of airborne spread Canada quietly updates COVID-19 guidelines on risk of airborne spread... The Public Health Agency of Canada (PHAC)... — read more