Suncor Energy to Cut 2,000 Employees in Oil & Gas Sector
Calgary-based oil and gas company Suncor says it plans to reduce its workforce by 10-15% in the next year-and-a-half, a loss of approximately 2,000 positions. The company has said that early retirements and voluntary severance packages could account for a significant portion of the reduction. The first wave of cuts will happen within the next 6 months. Suncor is the third major energy company to announce cuts in recent weeks, with Shell and Marathon Oil both making similar announcements....