Imperial Oil announces job cuts

"Imperial has identified approximately 200 jobs that will be impacted."

The pain continues in Calgary with more layoffs in the oilpatch.

On Wednesday, it was Imperial Oil’s turn to announce some cost cutting.

Here is what the company said in a news release on its website:

“As part of previously announced plans to reduce expenditures, Imperial completed an assessment of the company’s workforce requirements. As a result, Imperial has identified approximately 200 jobs that will be impacted.

Throughout the past year, the company responded aggressively to the challenging business environment by reducing capital and operating expenditures and adjusting project pacing. In addition, Imperial suspended hiring and reduced the number of contractors to manage workforce levels. This work also included an assessment of the company’s current and future business plans, reorganizations and work-process changes made over the past several years to improve efficiency, reduce costs and ensure competitiveness.

We recognize any job losses are difficult for individuals and their families who may be affected. Impacted employees will be provided with company support, including outplacement services.”


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