Did you all hear about restructure that is in discussion? Especially within natural gas and technical services AD..
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Do you guys really think there could be layoffs in Fall? Contractors will be affected first, I think. Also, oil price is at good levels. Pay is good. Morale is not bad. So what to worry about? The only downside is stock price that is lagging. Am I wrong?
@rmot+1tBL9LH1 is 100% correct. Cenovus just hired an Innovation Engineer that Suncor let go last September.
If AD’s team is getting restructured look at innovation, they’re doing nothing of any use to Jon’s vision for the company so what are they even doing pretty big headcount for no productivity
@jfiw+1tBL9LHl Agreed! Hard to ask contractors for credentials when IT leaders do not have them either
There’s a chunk of non productive work being done by contractors especially on SAP and other IT related work. There must be a way to measure productivity and set their compensation rate on an equitable basis. If one will look at educational and work background of contractors a number of them hardly have established licenses or certificates. But their hourly rates are ridiculously pricy.
It makes little sense to cut Natural Gas staff when the price has bottomed out and futures look strong. Projected AECO will be $2.50 by December and $3.50 by next December. Cash flow is huge at those prices. They should be looking at cutting inflated IT contractors and middle management positions across all areas to reduce G & A.
Due for a deep round in Lloydminster thermal, office and field
Service providers are a money drain. The actual service provider workers get a fraction of the money and the rest goes to handlers and service provider executives like a tax where there is no value.
Hope they do a lap in the Edson office
Many contractors charge more than $130/hr
Not worth it
@cbru+1tBL9LHl Contractors are required to help IT leaders look smart. Contractors do the actual work.
Spending cuts needed for contractors. Their rates in some departments ( IT for example) are way too high.
In October 2019, Husky layoff was primarily managers in order to flatten the organization. Let us hope it happens again this time. No oil is produced in a meeting room.
This company is so messed up with too many mangers and too many senior managers with 4-5 front line reports. It’s a G&A disaster.
With Downstream missing all their targets (thanks Lloydminster Upgrader) budget cuts are in the works. Less money = less people. Layoffs are in the works for September.
Outsourcing some IT and Payables?
- More managers
- Fewer workers
- More employee burnout