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

Calgary-based Chevron Canada Resources has confirmed that it is again reducing staff as part of a company-wide cost-cutting initiative however it refused to provide details within an email response to a Calgary Herald inquiry.

“In light of the present market environment, Chevron is constantly on the take action to lessen internal costs across the enterprise,” said spokesman Leif Sollid.

“Chevron Canada can confirm it has had a decision to reduce its employee and contractor workforce during 2016. No further information is being disclosed at the moment.”

Last June, the organization confirmed it was restructuring its operations but would not comment on online reports claiming the process can lead to the loss of 130 positions or about 1 in 5 of their 600 to 800 Calgary employees.

Sollid said at that time that the assessment for that Canadian business unit revamp had been in process for months. The unit oversees projects together with a liquefied gas export terminal, gas and oil fields, offshore drilling and oilsands.

This week, new reports about layoffs at Chevron were posted anonymously on the online bulletin board Reddit by individuals who claim that they can work there.

Related

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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 per cent or 125 contractors were being release and another said hello was 20 per cent of employees and 40 per cent of contractors.

Industry associations estimate that about 100,000 Canadian oilpatch workers have forfeit their jobs in the current downturn sparked with a 20-month slide in commodity prices. Almost every Calgary company has cut staff — the notable exceptions who claim to not 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 per cent of their workforce, to deal with low oil prices.

Last month, the company reported its first money-losing quarter since 2002 within the final three months of 2015, recording an internet loss of US$588 million.

It who has sold US$11-billion price of facilities for example pipelines over the past 2 yrs and wishes to raise up to US$10 billion more with sales through 2017. It cut fourth-quarter spending by about US$9 billion compared with last year and has vowed to finish projects being built but not start any new long-term projects.

dhealing@calgaryherald.com

Twitter.com/HealingSlowly