Any insight on when the Canadian staffing analysis (aka reductions) will be announced? I would assume similar or maybe larger cuts compared to US upstream.
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Has anyone heard if cuts will be centered to one area, like they’re doing in Houston?
Yes
Did you already take an 8% PIP hit in Canada as well? In my US group we had the 8% PIP cut followed by recent announcement of 30%.
I fear for my friends north of the border working in oil sands. My understanding is oil sands are bleeding cash. What is your break even cost?
Imperial has their investor day on November 19th so likely before that..
My manager said there would be info communicated at the employee forum Nov 25.
IOL CEO has a town hall 2 weeks from now, assuming it is then.