We need to find better ways to move forward,” he added. 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. The problem isn’t the workers. read more, So in my group (E&PS) they just laid off all the EIT's. This zombies endanger the world ... Nov 10, 2020. I am one of those who are recent hires and I believe the best advice for me is the one someone has already mentioned on the forum, and that is to plan an exit... “We’ll put those teams together and it’ll be stronger,” he said. Any news on additional staff reduction this year ? Don’t understand why Management is keeping us in this elevated stress level for such a long time. Imperial Oil says it will write down between $900 million and $1.2 billion this quarter as it no longer plans to develop "a significant portion" of its unconventional assets in Alberta. Sagging fuel demand due to lockdowns to deal with a second wave of the COVID-19 pandemic is again cutting into volumes and returns at refineries at Imperial Oil Ltd. after a recovery last fall, CEO Brad Corson said Tuesday. Imperial oil layoffs crate and barrel total oil and gas company Canada. “This work includes an evaluation of work force requirements around the world on a country-by-country basis, including in Canada. I'm sure some of you feel the same way. read more, My humble opinion is that this company should get a new CEO and fresh high up managers. Copyright 2020 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved. Engineering Service Canada - Overstaffed? And what a fine life it will be. Any company in your future will be lucky to have you as an employee with the skills and knowledge you are able to provide. — read more, A post from EM but I think it is very relavent and many of us can relate. — (Job search, mental health, workload etc.). read more, We don’t have to go to court or win a case. — — Here's a candid summary of my experience working with IOL as an EIT, until I was let go recently. Oil 2020 - Analysis and key findings. I’m not at all optimistic. read more, This is my first time here actually and I was wondering if we are done with layoffs for the foreseeable future? I think there were 10 layoffs in total, just with people who had been in the company less than 3 years. The number of oil and gas rigs in operation. According to the notice, the date for the layoffs is 2 February, Reuters reported. What are the chances they get rid of this ridiculous system? Report unjust acts of discrimination, Use of this website constitutes acceptance of our. There’s a lot of smart people in the company. Consistently Making 150k a year now (this can be much higher some years due to over time. — Imperial Oil Ltd. (TSX:IMO). 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. Talk to either your supervisor or anonymously report it... 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. Sorry to hear so many of you are unhappy! read more, I was not affected by the recent lay-offs. As of 2016 ExxonMobil is the largest of the world's Big Oil companies. It was a week where oil prices climbed sharply, while natural gas finished lower. In fact, I’m... — It s—s that I got layed off but I know it's not... read more, I got laid off yesterday. What kind of toxic... On Nov. 30, Imperial announced it “no longer plans to develop a significant portion” of its unconventional assets in … Trades person. 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. — read more, I'm sitting here thinking about how awful the next ranking cycle is going to be. But there’s thousands of people that work for Syncrude and most of them are operating the facilities—and all that is unchanged. I survived this round of layoffs but now theres talk of more layoffs next year? read more. The problem is management. We won’t know until the end of the month if everyone affected has been... Those moves include broad layoffs that will hit some 14,000 ... Exxon during 2020 has slashed ... and controls the other 70% via its 70% stake in publicly traded Canadian company Imperial Oil. This is the perfect description of... — In 2016 the company had revenues exceeding $200 Billion (USD). We need great people to shape the future of this company. By Roni Sianturi, 30 October, 2020. read more. Thats why we need a union for CL25 and below, Speak up! Imperial has been engaged on this work with ExxonMobil.”. Those... Read more about: Alberta , Calgary Speak up! Alongside a series of layoffs, there’s been consolidation in Alberta’s oil industry, and some companies have written off oilsands assets altogether. Calgary-based Imperial Oil to lay off 200 workers following cost-cutting analysis By Dan Healing The Canadian Press Posted November 25, 2020 3:49 pm Newsroom. This company should hire a non-oil and... https://corporate.exxonmobil.com/locations/canada/imperial-oil-in-canada 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. read more, I am from the HR department. By Jaryn Vecchio Nov 26, 2020 6:22 PM. I am not in a bad spot with Imperial, but wish I had left earlier. Reductions will include positions at Imperial Oil Ltd, ExxonMobil Canada Ltd and ExxonMobil Business Centre Canada ULC, the company said. Over the last several days oil companies in Alberta have announced major cuts to their capital budgets for 2020, prompting expectations of layoffs. 6 new EIT's were laid off in my group, and now we have more managers to "supervise" us than people actually doing the... However, given that I am a minority and that there was a clear trend in the most recent lay-offs, with minority groups MOSTLY being affected, I am actively looking to get out from Imperial. read more, I guess I’m one of the few long term employees that have had a rewarding career. read more, I am hoping to give an objective view here. Mostly visible minorities, and two people who were on maternity leave. Been off on a health issue for past 1.5 years so no longer being paid by IOL (or receiving long... Economy Nov 25, 2020 They also gave me chocolates so that makes up it. Imperial Oil to write down up to $1.2B, no longer plans to develop 'significant portion' of Alberta assets. https://www.thelayoff.com/t/18KLVUFE, Been working at Trans Northern for 10 years now and it's the best company for oil and gas.. It’s your responsibility. “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. Let people quietly leave in peace instead of making a show that the survivors care. How can we help each other get through it and change things for the better? Have been looking to bail for 5 years now, since the last bust, but the generalist experience results into almost no interview calls... Meanwhile, office space held by Equinor Canada at Jamieson Place in downtown Calgary is on the sublet market after the Norwegian oil company decided to consolidate its Canadian operations in St. John's, N.L. Oil And Gas Layoffs 2020 Oklahoma 21% v/s NIFTY 50 down by -2. Absolutely hate it and vigorously protested being moved into the role. “It’s a heartache when we have a downsizing related to this,” and “we’re still just in the process now of starting to work out the details associated with it. 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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... Imperial Oil Limited Layoffs: Downsizing related discussion, postings, questions and answers. The company is mismanaged, operates as a charity. Any advise on how to make that transition? On Wednesday, it was Imperial Oil's turn to announce some cost cutting. The job cuts are part of the nearly 1,900 expected layoffs in the US, as announced in October 2020. We need to start a union for CL25 and below, 90%+ of the laid offs in my group came from minority groups. read more, In the past 5+ years I have noticed leadership failing and it is not entirely surprising given that people who are currently leading this company does not know sh*t. We saw that when MT (a past great leader) asked the question during the employee... Imperial allowed me to pay off my house at 44, see much of North America, work remotely as required and participate in a lot of world class training. Matthew is a senior energy and materials specialist with The Motley Fool. Down $1, or four per cent, to $24.21. Apply here if you are looking for a future, I believe that nothing good awaits us next year either. Most are great. A company that will reward your hard work and you will be... U.S. benchmark gas prices were up 27 per cent in the fourth quarter compared with the third. The oil company has been hit hard by the COVID-19 pandemic and current economic state. Imperial Oil, which has a refinery, chemical plant and research facility in Sarnia, said in November approximately 200 jobs in Canada would be impacted by its efforts to reduce costs. If you are a visible minority + experienced hire then your future at IOL is bleak and you need to look for something else because chances are you are going to be laid off. Are they just going to layoff the next bottom 10%... They also would not be able to bully people through the ranking system. About. — Oil producers, including Exxon, have been slashing costs due to a … — All big companies have their drama and b—s—. Nov. 25, 2020 2:58 PM ET Imperial Oil Limited (IMO) By: Carl Surran, SA News Editor. SA News Mon, ... Imperial Oil latest Canadian energy company to announce layoffs. The process is expected to be complete by the end of next year. Imperial announces fourth quarter 2020 financial and operating results Join us February 2 at 9 a.m. MT for our 2020 fourth quarter earnings call. Heard rumour of layoffs from downstream and chemical. — Exxon Mobil Corp. plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, Chief Executive Officer Darren Woods said in an email to staff. Honestly. read more, The Imperial culture is tyrannical. If I didn't, I would be agonizing if and when round 2 is coming, anticipating how brutal my next PDS feedback will be, and hating some awful coworkers that are selfish human beings (IOL has great people but also some... Guys, what the incentive to move from wage to MPT at this point? 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. Are you seeing a similar trend in your area? The oil company announced the planned reduction on Wednesday after assessing their financial situation over the past several months. Are we done with cuts for the foreseeable future? Take care of yourselves! read more, I have been with IOL for 5 + years after I graduated from UA with an engineering degree. “This is going to have a very negative effect for working women and men in the energy services sector,” said Premier Jason Kenney, whose province had the highest unemployment rate of any province outside of Atlantic Canada as of February. The last few months have gone from bad to worse and it’d be really nice to know that we’ll get some time to recover from all the stress... When are the CEO and high-up managers going to be fired. It creates mental and... — “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. — Yeah, it’s sad and pathetic on every level. Does anyone here know the timing, or the number of layoffs? 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? Diversifying career opportunities for Engineers. Any updates? There is life after Imperial oil. A day earlier, Suncor and Imperial announced the end of a 14-year contract that had Imperial seconding staff to the Syncrude operation. It’s really the administrative side.”. 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. 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... — Suncor Energy is ensuring its employees that layoffs are far from the top of mind at this moment. “Imperial is 69.6% owned by U.S. [fossil] energy giant ExxonMobil Corp., which said in October it would cut its global work force by about 15%, equating to about 14,000 jobs.”, Imperial spokesperson Lisa Schmidt said Imperial couldn’t yet say where the job axe would fall. The pain continues in Calgary with more layoffs in the oilpatch. — We all have real statistics from this round and... Q4 2020 operating results 2020 Q4 Earnings Call . Was on a zoom call this morning, Kearl asset manager announced that out of 35 layoffs in the Upstream, 30 are at Kearl. — — read more, Been with IOL for 16 years and was transitioned into a new role 2.5 years ago. “Imperial Oil Ltd., which is about 70% owned by Exxon and run as a subsidiary, said in a separate filing that an undetermined portion of Kearl’s reserves may be imperiled.” As for the bigger picture, “a 20% hit would impact the equivalent of almost 4.5 billion barrels of crude, or enough to supply every refinery on the U.S. Gulf Coast for 18 months,” the news agency adds. Oklahoma Oil And Gas Production Map. read more, https://integritycounts.ca/org/imperialethics. After more than a century, we continue to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. Little said he expected to save C$300 million per year by consolidating Syncrude and Suncor operations in procurement, IT, and human resources. ETC. Before his Imperial departure, Newell said his last official assignment was re-designing Esso Petroleum Canada from the ground up. I have been with this company for about 3 years. I don’t have to worry about a darn ranking system that no one knows how it works. read more, So I'm a new hire (just had one year) with IOL. The main component is methane, also known as CH4. A couple of months later, Suncor purchased another 5% from a U.S. fossil. $0.09 (0.35%) 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. read more, Please speak up and ask for an independent audit I have a net... Actively looking for a career outside oil and gas, How are you doing? I want to move out of the O&G industry into tech. Calgary-based Imperial Oil announced last week that it is laying 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. Imperial Oil Ltd. announced in November it would lay off 200 staff. read more, I'm from field operations. Nepotism, cronyism, favoritism and racial/ gender discrimination are ingrained in this toxic culture - its heart and soul. Save my name, email, and website in this browser for the next time I comment. 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. — — Imperial Oil announces job cuts. read more. “The oilsands, refining, and energy retailing company, which has been reluctant to cut staff during the current and previous industry downturns, also confirmed Wednesday it has reduced the number of contractors it employs by about 450 since the start of the year,” The Canadian Press reports. potential for 200k years sometimes)... By Roni Sianturi, 30 October, 2020. An oil and gas pumpjack is shown near Cremona, Alta., Thursday, Oct. 1, 2020. “We can’t continue to duplicate work. I have worked in different business teams ( pricing, controller...) I am upset because If I get laid off, i am afraid I will never be able to find a job of... But thank you. Good side - Got to work and learn from some fantastic people, who acted as a force multiplier and help compliment my capabilities and skills. 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. — Now it's just a more concentrated pool of brown nosers. Oil & Gas Producers Company Stock Ticker: XOM Stock traded at: XNYS Industry Code: 537 About ExxonMobil Corp.: ExxonMobil Corporation is a large multinational oil and gas corporation headquartered in Irving, TX. Imperial Oil Cutting 200 Jobs From Workforce. They recently reduced their 2020 budget by $1.5 billion. — Imperial Oil reports $1.15B Q4 loss due to a writedown of unconventional asset Alberta gives inquiry into oil and gas critics another extension to complete report An experienced instructional team brings over 45 years of combined experience with the Alberta Energy Regulator to provide practical and actionable advice to navigate the energy regulator process in new course on March 11. Messages relating to layoffs at Imperial Oil Limited are presented below the company info. — That increased to 49% in 2016, when Suncor bought out Canadian Natural Resources Ltd.’s share for $6.6 billion. read more, Background, around 6 years as an employee, 10 years as a hatted contractor. No one is falling for the show. I was given a very generous package with 7 years into the future. All will be MPT site based positions, no Calgary. read more. — Apr 20, 2020 at 11:40AM Author Bio. Theresa Redburn ... Imperial Oil Limited (IMO) $25.90. A high-level overview of Imperial Oil Limited (IMO) ... Imperial Oil Q4 2020 Earnings Preview. — 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. — Imperial Oil is set to cut 200 jobs from its workforce. — read more, If we had a union, similar to that of the government, then IOL would not be able to lay people off that easily. Im currently in an FLS role. “There will be layoffs,” said Suncor President and CEO Mark Little. Dr Susannah-Joy Schuilenberg Fraudulent doctor of psychology, breaching ethics code Nov 10, 2020. Exploring opportunities to diversify my career options and... ETC. “We need to be able to figure out how to generate more cash from these businesses, and working together and taking this step makes a lot of sense.”. I don’t have to see the...
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