I am somewhat surprised that some people think that these cuts were very necessary because there are many people here who do almost nothing all day long. You really think we needed these cuts???
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Yes! The entire HR and SCM mafias should be eliminated and hire new “qualified” ones. The ones who are deserving to earn $$$, who graduated from Canadian universities. Not just who went for a week/month certification course in SCM and claiming themselves as “experts”.
I was let go last week. Unfortunately those managers people speak about here escaped this round of cuts.
god dam stock is just a long term underperformed. no real track record of dividend increases.
just a chronically weak equity.
AND you look at the headcount especially in leadership and add the recent software disaster.
*with that headcount? and the many so called leaders?
I bet the payroll software was working just fine though.
- and you have to wonder who is running this public company with no accountability to anyone?
none to the customer
none to the shareholder.
- it’s literally a jobs program like in the old communist era.
it’s the old Moscow Postal Office.
we pretend to work and …………(you know the rest).
Yes, cuts are necessary. There are many people doing nothing but looking busy. However they come late, leave early and procrastinate their work.
I only hope that those people are identified and let go. But good people, hard workers should be kept.
Too many managers and directors in this company. Suncor has a very vertical organization. A lot of management layers that can be eliminated to make the organization more horizontal.
Is it worthy to have all those managers supervising an small team or only one person ? It is worthy that one supervisor reports to the next level and so on ? Let go managers and supervisors who get fat bonus for doing not much.
Well, Suncor is bloated, no question and specially after Syncrude acquisition but hopefully layoff is thought off properly. Reduce the fluf in all oil sands. These companies had good beginning but is now full of people who look busy, do nothing but speak affluently and impress the management to hire more. This is common in other Oil Sands as well and specifically the support staffs.
I don’t think cuts are necessary
Suncor needs to be put hiring freeze and use internal resources to utilize people where needed. Use attrition, send 65+ folks to retirement, or institute 10% cuts for everyone, cut bonuses to executives.
There are a lot of people doing nothing…
Yes. Just look at latest annual disclosure from Suncor and Cenovus: compare the number of employees (particularly corporate), production and reserves and see for yourself how bloated Suncor is.