Somebody asked this already but there was no clear answer in the other thread, so I'm gonna try again like this: is the announced 500 to 700 with or without the several hundred who were laid off last week?
Either way it's bad, but if it's with at least the effect will be somewhat milder.
Wow! I need to transfer to IT. Out of 191 IT people, they laid off 13. I guess they won't save much on their ridiculously high contractor salaries! Most of these IT people make more than the scientists who actually find oil & gas and create value for this ENERGY company!!!
What a joke!
The target number is 3500-3700 employees based on their published statements in the media. Current employee count is just under 3900. Another 100 or so will either receive a package in CONG or will transfer to the NewCo. Still plenty of bloodletting to come.
Good, a better chance of leaving this sh-- hole.
The announced layoff is in addition to those who received packages and left with tgeir assets.
With or without you
With or without you
Through the storm we reach the shore
You give it all but I want more
And I'm waiting for you
With or without you
http://calgaryherald.com/business/energy/cenovus-energy-plans-to-cut-15-per-cent-of-its-workforce
"The announced target of a 15 per cent workforce reduction will translate to between 500 and 700 employees and contractors from a recent staff count of about 4,200, spokesman Brett Harris said."