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Tag Archives: workforce

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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Oilsands construction workforce to plunge 84% by 2020, report says

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The oilsands sector is in danger of losing its reputation as a job-creating machine. How the Trudeau government is helping Saudi Arabia's scheme to sideline Canadian oil Allan Richarz: By tightening the screws on domestic production while seeing an increase in Saudi-originating imports, we are helping accelerate our own energy …

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Encana Corp to cut 20% of workforce, slash dividend, as it gears up for global cost-cutting fight

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CALGARY – North American energy producers are ready for a global cost-cutting battle, the head of Encana Corp. said Wednesday, even as his company posted a US$612 million loss in the fourth quarter. “The world taking on North America had better be ready because this part of the world knows …

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