Suncor Energy Inc. will cut 1,500 jobs by the end of the year, as CEO Rich Kruger forges ahead with his mandate to reduce costs. Read on.
Suncor has been under pressure from shareholders — including activist investor Elliott Investment Management — to improve its financial and share price performance, which has lagged its peers.
Earlier this spring, Kruger, the former CEO of Imperial Oil Ltd., was enticed out of retirement to take the reins of Suncor and try to turn around the oilsands giant. Seetal declined to say whether the bulk of the layoffs would take place at head office or in the field. Suncor employs people across the country, in the U.S. and internationally, with its corporate head office located in Calgary.
“Work that doesn’t necessarily support regular day-to-day maintenance and operations of assets would be considered , but it’s not necessarily solely office workers,” she said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fan whose car was damaged by flying tire at Indianapolis 500 will receive new rideAn Indianapolis 500 fan whose vehicle was damaged when a tire flew off a racecar and out of the track during the race will receive a new car, an Indianapolis Motor Speedway spokesperson said.
Read more »
Fan whose car was damaged by flying tire at Indianapolis 500 will receive new rideAn Indianapolis 500 fan whose vehicle was damaged when a tire flew off a racecar and out of the track during the race will receive a new car
Read more »
Fan whose car was damaged by flying tire at Indianapolis 500 will receive new rideIndyCar owner Roger Penske says he\u0027s certain series officials will investigate what led to the tire sailing over the catch fence
Read more »
Fan whose car was damaged by flying tire at Indianapolis 500 will receive new rideAn Indianapolis 500 fan whose vehicle was damaged when a tire flew off a racecar and out of the track during the race will receive a new car
Read more »
Forest fire forces evacuation of 500 homes in Chapais, Que. | CBC NewsA forest fire near Chapais in northern Quebec has forced the evacuation of about 500 homes, almost half the community.
Read more »
Indy 500 fan receives new ride after tire flies over grandstand and lands on his carIndyCar owner Roger Penske says he\u0027s certain series officials will investigate what led to the tire sailing over the catch fence
Read more »