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 within an email reaction to a Calgary Herald inquiry.
“In light of the current market environment, Chevron continues to take action to reduce internal costs over the enterprise,” said spokesman Leif Sollid.
“Chevron Canada will tell you that it has had a choice to reduce its employee and contractor workforce during 2016. No further information has been disclosed at the moment.”
Last June, the company confirmed it was restructuring its operations but would not comment on online reports claiming the process will result in losing 130 positions or about 1 in 5 of its 600 to 800 Calgary employees.
Sollid said in those days that the assessment for that Canadian business unit revamp have been in process for months. The unit oversees projects including a liquefied natural gas export terminal, oil and gas fields, offshore drilling and oilsands.
This week, new reports about layoffs at Chevron were posted anonymously on the online bulletin board Reddit by people who claim to work there.
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Posters differed on the depth of cuts. One said he had been told about 30 per cent or 125 employees contributing to 70 percent or 125 contractors were being release and another said it was 20 percent of employees and 40 percent of contractors.
Industry associations estimate that about 100,000 Canadian oilpatch workers have forfeit their jobs in the present downturn sparked with a 20-month slide in commodity prices. Almost every Calgary company has cut staff — the notable exceptions who claim not to have let people go are Canadian Natural Resources Ltd. and Imperial Oil Ltd.
In October, San Ramon, Calif.-based Chevron Corp. announced it might reduce by up to 7,000 jobs, or 11 percent of their workforce, to cope with low oil prices.
Last month, the organization reported its first money-losing quarter since 2002 in the final 3 months of 2015, recording an internet loss of US$588 million.
It who has sold US$11-billion worth of facilities such as pipelines over the past two years and hopes to raise as much as US$10 billion more with sales through 2017. It cut fourth-quarter spending by about US$9 billion in contrast to a year earlier and it has vowed to complete projects under construction but not start any new long-term projects.
dhealing@calgaryherald.com
Twitter.com/HealingSlowly
