Check out the Imperial board this weekend. Those poor guys are worried. Looks like consolidation of employee in either Sarina or Edmonton. Calgary shutting down.
And next week huge layoffs in Europe except London where they released puff piece about doubling jobs there ahead of this.
@OP you were the accurate one
Imperial Oil restructuring announcement : Calgary exit, Edmonton hub, JVs & logistics shift
XOM and Imperial Oil decide to divest Calgary-based non-core assets and restructure to stay competitive in a shifting regional and global energy market:
1- Calgary Quarry Park HQ: Sold to Brookfield, monetizing underutilized space. This mirrors Imperial’s real move to donate its former research centre and labs to SAIT, reinforcing a Calgary real estate pullback.
2- Corporate functions: Relocated to Edmonton, aligning headquarters with upstream operations.
3- Employee impact: Calgary staff offered relocation to operational or refinery sites, redeployment packages, or voluntary exits.
4- Cold Lake & Kearl: Continue to run as profitable oil sands assets, with upgrader units ensuring bitumen flows meet refinery specs. Over time, Imperial phases in project-level JVs with partners like Suncor and Cenovus on select expansions — sharing cost, technology, and risk without ceding full control.
5- Logistics & infrastructure (Midstream segment): Throughput and tariff agreements renegotiated with Enbridge and TC Energy, leveraging planned Mainline expansions and ~$2.5B Enbridge system upgrades. Rail partnerships with CN and CPKC improve flexibility to U.S. Gulf and Midwest markets.
6- Downstream operations:
Strathcona refinery (Edmonton) remains a central hub, now with renewable diesel capacity.
Sarnia refinery & chemical complex anchors the eastern market.
Nanticoke refinery complements Sarnia, strengthening Imperial’s Ontario downstream footprint.
Staff relocations tied into these downstream assets keep talent aligned with refining/chemical demand centers.
@OP source for huge EU layoffs, or speculation?
Btc is hiring 1000+ jobs in next 2-3yrs. What does that mean ? And kltc is also expanding..
btc is expanding guys...btc rocks
What was with all the propaganda sent out via email the last 2 weeks? Do they really think that softens the kicking this week?
Clueless...
Shuttup KL loser, not even BTC likes working with KLTC, worst TC in the corp by far.
Quit spamming the legit discussions on this forum.
as expected...KLTC engineer is more than capable to doing those guys job..they are not required anymore...kltc is the future of exxon..