Suncor staff-cut plan adds to Canada’s oil-sands woes

Bloomberg

Suncor Energy, Canada’s biggest oil-sands producer, will trim 10% to 15% of its workforce in the next 18 months, joining a long list of energy companies in Alberta that have announced layoffs following a collapse in fuel demand due to the virus.
Suncor had already been preparing for a smaller workforce but the planned cuts, which could affect as many as 2,000 employees, were accelerated after the Covid 19 pandemic contributed to a collapse in oil prices, Sneh Seetal, spokeswoman, said by phone.
Staff reductions won’t be limited to any geographic area or part of the company, she said. Suncor will slash about 5% of its workforce in the next six months. Employees were informed of the plans.