There’s a lot of smart people in the company. Imperial Oil is set to cut 200 jobs from its workforce. Apr 20, 2020 at 11:40AM Author Bio. I'm sure some of you feel the same way. I am not in a bad spot with Imperial, but wish I had left earlier. When are the CEO and high-up managers going to be fired. —  read more, We don’t have to go to court or win a case. read more, The Imperial culture is tyrannical. Suncor Energy is ensuring its employees that layoffs are far from the top of mind at this moment. “The owners have worked for a couple of years to try and figure out how we make Syncrude the most globally competitive business that it could possibly be, and the conclusion is to have Suncor operate it,” Little told the Globe. Copyright 2020 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved. We won’t know until the end of the month if everyone affected has been... —  We need to start a union for CL25 and below, 90%+ of the laid offs in my group came from minority groups. Feeling kind of relieved that I don’t need to see those double faced puppet managers who do as they are f—ng ordered by their XOM bosses. By Mario Toneguzzi on November 25, 2020 Business, Top stories "Imperial has identified approximately 200 jobs that will be impacted." When is Management announcing the headcount reduction for the Upstream Operations and Maintenance organizations? This company should hire a non-oil and... “We can’t continue to duplicate work. Honestly. Sorry to hear so many of you are unhappy! read more, https://integritycounts.ca/org/imperialethics. “There has been study work under way globally to assess the potential for further cost reductions from structural efficiencies and lower activity levels across our business,” she told CP in an email. Now it's just a more concentrated pool of brown nosers. We all have real statistics from this round and... And what a fine life it will be. —  I’m not at all optimistic. Read more about: Alberta , Calgary Over the last several days oil companies in Alberta have announced major cuts to their capital budgets for 2020, prompting expectations of layoffs. Imperial Oil to lay off 200 staff, just a day after the ExxonMobil subsidiary agreed to hand over business management of the mammoth Syncrude Canada tar sands/oil sands mine and upgrader to project partner Suncor Energy. In 2016 the company had revenues exceeding $200 Billion (USD). read more, This is my first time here actually and I was wondering if we are done with layoffs for the foreseeable future? On Nov. 30, Imperial announced it “no longer plans to develop a significant portion” of its unconventional assets in … Imperial Oil Ltd. (TSX:IMO). read more, Please speak up and ask for an independent audit U.S. benchmark gas prices were up 27 per cent in the fourth quarter compared with the third. Exploring opportunities to diversify my career options and... Take care of yourselves! read more, Personally, after being impacted by the recent study I have been applying for jobs in O&G sector and other allied industries (chem, production, manufacturing, environment) with no luck. We need great people to shape the future of this company. —  Actively looking for a career outside oil and gas, How are you doing? Report unjust acts of discrimination, Use of this website constitutes acceptance of our. read more, I got laid off yesterday. Theresa Redburn ... Imperial Oil Limited (IMO) $25.90. It’s really the administrative side.”. Dallas Gara of Calgary had a new job in oil and gas less than a year after being let go as part of a mass layoff in 2016. I survived this round of layoffs but now theres talk of more layoffs next year? Heard rumour of layoffs from downstream and chemical. Calgary-based Imperial Oil Ltd. confirms it has also reduced the number of contractors it employs by about 450 since the start of the year. Oil And Gas Layoffs 2020 Oklahoma 21% v/s NIFTY 50 down by -2. https://corporate.exxonmobil.com/locations/canada/imperial-oil-in-canada read more, My humble opinion is that this company should get a new CEO and fresh high up managers. —  —  —  By Roni Sianturi, 30 October, 2020. Does anyone here know the timing, or the number of layoffs? It s—s that I got layed off but I know it's not... A couple of months later, Suncor purchased another 5% from a U.S. fossil. The job cuts are part of the nearly 1,900 expected layoffs in the US, as announced in October 2020. —  Apply here if you are looking for a future, I believe that nothing good awaits us next year either. —  The number of oil and gas rigs in operation. Imperial Oil Cutting 200 Jobs From Workforce. —  —  Any updates? —  There is life after Imperial oil. read more, Been with IOL for 16 years and was transitioned into a new role 2.5 years ago. By Jaryn Vecchio Nov 26, 2020 6:22 PM. read more, I'm from field operations. read more. In fact, I’m... I used https://integritycounts.ca/org/imperialethics to request an independent audit to investigate statists around the discrimination against visible minorities / gender or specific career level... Before his Imperial departure, Newell said his last official assignment was re-designing Esso Petroleum Canada from the ground up. read more, I'm sitting here thinking about how awful the next ranking cycle is going to be. We need to find better ways to move forward,” he added. The main component is methane, also known as CH4. Imperial Oil shares, which have fallen 37 per cent since Dec. 31, lost 96 cents or 4.4 per cent at $21.05 at afternoon trading in Toronto. potential for 200k years sometimes)... Engineering Service Canada - Overstaffed? The oil company has been hit hard by the COVID-19 pandemic and current economic state. U.S. oil major Exxon Mobil Corp said on Wednesday it plans to reduce up to 300 positions in Canada as part of an ongoing cost-cut plan due to a coronavirus-driven slump in oil prices. —  Are we done with cuts for the foreseeable future? That increased to 49% in 2016, when Suncor bought out Canadian Natural Resources Ltd.’s share for $6.6 billion. Little said he expected to save C$300 million per year by consolidating Syncrude and Suncor operations in procurement, IT, and human resources. Any advise on how to make that transition? Matthew is a senior energy and materials specialist with The Motley Fool. I realized recently that we have a LOT (I mean a LOTTT....) of engineers within ESC... almost all sort of fields and disciplines, yet all works in the field (design, review, verification) seems to be done by contractors... We just need to speak up and let the country know how this company is/was targeting experienced hires and minorities and that we were discriminated against. SA News Mon, ... Imperial Oil latest Canadian energy company to announce layoffs. Benchmark West Texas Intermediate oil prices averaged US$42.63 per barrel in the last three months of 2020 and US$52.03 in the first 26 days of January, a substantial rebound from the third quarter's US$40.90 per barrel and US$27.95 in the second quarter. But there’s thousands of people that work for Syncrude and most of them are operating the facilities—and all that is unchanged. read more, I was not affected by the recent lay-offs. “We’ll put those teams together and it’ll be stronger,” he said. All will be MPT site based positions, no Calgary. As of 2016 ExxonMobil is the largest of the world's Big Oil companies. —  The Globe and Mail casts the takeover, the first major change in Syncrude’s governance in 50 years, as the end of a process that began in 2009 when Suncor acquired a 12% stake in the operation. 20-Yrs at IOL, Not Laid-off, Still Ranked Very Well....BUT WISH HAD LEFT WITHIN THE FIRST 5-YEARS, Please speak up and ask for an independent audit. ETC. read more, I guess I’m one of the few long term employees that have had a rewarding career. Good side - Got to work and learn from some fantastic people, who acted as a force multiplier and help compliment my capabilities and skills.