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BP to slash 4,000 jobs or 5% of its workforce as it cuts production in oil slump

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LONDON — British oil and gas company BP announced plans on Tuesday to slash 5 per cent of its global workforce in the face of a continued slump in oil prices. It said it aims to reduce its global oil production, or upstream, headcount by 4,000 to 20,000 as it …

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GMP Capital Inc to cut 97 jobs, suspend dividend, exit U.K. and Australia

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Independent Canadian investment dealer GMP Capital Inc. is pulling out of the United Kingdom and Australia and suspending its quarterly common share dividend to deal with the effects of weak commodity prices and increasing regulation. Offices in London, Perth and Sydney will be closed, and 97 jobs will be cut, …

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Canadian Pacific Railway to cut 1,000 jobs in 2016 as weak economy weighs on volumes

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Canadian Pacific Railway Ltd. plans to cut another 1,000 jobs in 2016 after reducing its workforce by 12 per cent last year, a response to “tremendous pressure on the top line” resulting from a feeble economy. Hunter Harrison is the key to Canadian Pacific Railway’s merger plan — and its …

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Alberta lost the most jobs in 2015 since 1980s recession: Statistics Canada

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CALGARY — Alberta lost more jobs last year than in any year since the 1982 recession, revised numbers from Statistics Canada show. The updated figures released Tuesday show the province lost 19,600 jobs in 2015, up from an earlier estimate of 14,600. That was much higher than the 17,200 jobs …

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Trevor Tombe: How to create two jobs for every Canadian worker

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With each new subsidy, tax incentive, or project, we are told some number of jobs will follow. You’ve probably seen the headlines. The Trans Mountain Pipeline will create 3,300 permanent jobs and Energy East will create over 4,250. Bombardier, which is actively seeking government financial support, claims responsibility for 64,800. …

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Fiat Chrysler adds 1,200 jobs to Windsor plant in preparation for new Pacifica minivan

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FCA Canada’s $3.7-billion overhaul of its Windsor, Ont., minivan plant has created 1,200 new jobs, an indication that Canada will play an important role in Fiat Chrysler NV’s future as it restructures its operations. The company revealed its new Pacifica minivan, built in Windsor, to a Canadian audience for the …

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Chevron Canada Resources says it’s cutting more jobs in Calgary in effort to reduce costs

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Calgary-based Chevron Canada Resources has confirmed that it is again reducing staff as part of a company-wide cost-cutting initiative but it refused to give details in an email response to a Calgary Herald inquiry. “In light of the current market environment, Chevron continues to take action to reduce internal costs …

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Finning to cut up to 500 additional jobs in 2016, on top of 2015 downsizing of 1,900

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VANCOUVER — Canada’s largest Caterpillar heavy equipment dealer says it will cut 400 to 500 jobs from its global operations this year, on top of 1,900 that were announced last year in two separate rounds of downsizing. Vancouver-based Finning International Inc. — which also operates in South America and the …

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More than 20,000 jobs on the line as Canada’s oil drilling rig fleet shrinks

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Towering bone-dry oil derricks, idled drilling rigs and rows of unused trucks line the industrial yards on the outskirts of Edmonton. In years past, these yards would be empty in February, which is prime time for crews of roughnecks and other workers to be out in the oilfields of rural …

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