Industry rumor that Conoco is going through layoffs again end of March. Any truth to this rumor?
24 replies (most recent on top)
Cenovus a top tier employer? That's a good one : )
I heard total trying to get out as well?
Cenovus is buying a portion of the 50% Conoco working interest. That's it.
Cenovus? I don't see how that's a strategic fit. What happened to the Suncor rumors?
Actual fact, Cenovus is the correct purchaser. Hopefully the press releases comes out tomorrow and the speculation can stop
Anybody with actual news/facts? Speculation does nothing for me.
Yup... For those that make it through, life will be good. Cenovus is a top tier employer.
Cenovus is a bigger country club that Conoco...can't wait!
Somebody guessed right
Cenovus???
I'm so tired of going through rounds and rounds of layoffs and now the wait is on to see if I'll be getting a package or new offer from the purchaser. Tick tock
Not CNRL
CNRL?
Layoff Surmont managers and hire the guys who operate MEG. They will show everyone how to run an asset
I heard 95% of WCBU is going to a big Canadian player. Info hasn't been kept as quiet as it should have been. We will all know more very soon
Does anyone have any details ? Such as buyer, what part of the BU or all? Any headcount numbers? Any details please let the others know.... it's been a long haul with a lot of uncertainty.
Maybe yahoo or google will like the GCS offices.
Previous rumor was Suncor to buy Canada assets as a whole, any other bidders?
Did you mean the end of April?
I thought the purchaser would keep some enployees?
Looks like the poster who had the inside scoop on the sale would have this right on target for announcements. The purchaser does not want to deal with this and it is a requirement of the sale.
Good luck all as its going to be a bloodbath!!
BTW... No need for Gulf Canada Square so all that money spent on reno's for nothing.. Good Management.
It's been sold...
Let's see, oil is down 66%, capital budget is down 64%, some non core assets about to sale, and staff is only down 20%. It would appear that we have passed the point of being afraid of knee jerk reaction so we need to reduce world wide staff by at least 4 to 5 thousand. employees.
Let's do the math.
Just took a huge multi billion dollar loss..
Layoffs guaranteed.