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The Calgary Herald reported that Shell Canada Ltd. will slash up to 10 percent of the 3,000 jobs at its Athabasca oil sands operations to improve efficiency.
The Calgary Herald reported that Shell Canada Ltd. will slash up to 10 percent of the 3,000 jobs at its Athabasca oil sands operations to improve efficiency.
As quoted in the market news:
Spokesman Cameron Yost confirmed the news Friday and said that employees displaced by the moves to be rolled out gradually over an undetermined time period will be able to reapply for positions elsewhere with Shell.
Oilsands producers have emphasized cost-cutting in recent capital budget announcements and said they are hoping for reduced bills from service providers as activity wanes.
Cameron Yost, a spokesperson for Shell Canada, stated:
It’s an adjustment to our oilsands operations organizational structure to ensure we have the right number of people in the right positions.
The reason I say it’s not layoffs in the traditional sense of the word is that those affected by the adjustment will be considered for opportunities in other parts of Shell’s Canadian and global business.