Is this still just speculation, or has any concrete information been confirmed about what’s coming?
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UK redundancies already executed in 2q25.
Guess fawley and fife live to fight another day
@dt you might want to run your statement thru Copilot so the grammar makes sense when you post on here. You know, like you do at work when you aren’t just plagiarizing your EMHC colleagues’ emails and IMs to use as your own ideas.
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.
Because there are operating facilities in the US. Btc and KLTC may not be aware that there are actual, touchable, real units that aren’t just on a 3-D model, but I’m no longer willing to go startup the plant designed by ppl who don’t gaf bc it’s not them who will get blown up with the commodity safety system engineering.
@bp you think this is extent of it or will there be more closure/sales announcements? Wondering how people know there will be an announcement on Monday...
@bp Budapest already seeing significant jobs transfer to Bengaluru.
btc and kltc will be exxon future...i dont understand why exxon need any more office in houston when btc and kltc can do their job...
@bp+1k687ancz The comment on finance makes sense, however it’s pretty likely that a good amount of capacity opened up by shifting work from the gbc/bsc sites to India will be made up by additional work being shifted from the US and other HC 10.
The announcement will be that all Corporate level leadership positions will be transitioned to Bangalore over the next year.
It will be called “The taste of their own medicine transition plan”.
Noticed Supply Chain leadership in a Sunday afternoon zoom call. No reason for that unless they are prepping for what’s to come. SC has plans to cut workforce by close to 30%
About 70% of SC job openings in India. While there, I noticed there are tax and finance positions available in India now. I bet Budapest and Prague getting slimmer and India with their 1.5B will be the hub to support Europe. That’s the Europe announcement.
While I cannot say for certain, from what I've heard from folks fairly high up, and independently confirmed by other people on this site it seems incredibly likely that IOL is exiting Quarry Park.
This would align with the strategy seen in the UK and rumored to be coming for the ret of Europe.
This would mean relocation of QP employees, probably to a manufacturing site, but also likely layoffs in some functions.
Recognizing that this is not confirmed and really awful for lots of people, I would bet a significant sum that this will be (part of) the NA announcement. Do have confirmation that alongside whatever is announced in NA on Monday that there will be a separate announcement in Europe. DW has pre-recorded a video for one or both of these announcements.
I hate the outsourcing. I wouldnt be surprised if there will be a skeleton crew in Houston one day....or they will move headquarters to India and sell the campus
The writing is on the wall. Pips are getting harder to pass. Employees in thier 40s and 50s are being pushed out. It's a huge toliet bowl that is on constant flush. I along with others are having our work outsourced. Most of the work is going to india and we just review it. We are all being systematically pushed out. All work groups are being gutted. I feel sorry for the new hires that are told the lies about a job for life. They are not told of the constant piping and cutthroat ranking system.
Not going to be good
Nobody actually knows.