The Canadian oil producer Suncor announced Tuesday the elimination of 1,000 jobs to reduce its operating costs 600 to $ 800 million over two years to offset the plunge over the of oil.
Specializing in the tar sands in western Canada, Suncor plans to cut a billion dollars investment.
This restructuring is driven by crude prices fall on world markets. Oil prices fell to 45.89 dollars in New York on Tuesday, its lowest level since March 2009.
“In the current environment of low crude prices, it is essential to intensify efforts , “said a statement from the CEO of Suncor, Steve Williams.
This follows the decision taken at the end of last week by Shell to dismiss about 10% of its 3,000 workers assigned to two oil sands deposits in Alberta (west).
Third world reserves of black gold, Canadian oil sands are particularly expensive and polluting to extract, and crude prices tumble paid significantly less profitable exploitation for oil companies.
Suncor has notably decided to freeze the planned expansion of two Alberta deposits, MacKay River and White Rose.
“The budgets affecting safety , reliability and environmental performance of the company are specifically excluded from the cost reduction program, “he was assured.
The 1,000 job cuts will affect” mainly contract workers, then some employees, “noted Suncor also providing for a” freezing “of hiring.
In the third quarter 2014, Suncor had a net profit of 919 million Canadian dollars, down 43% over the same period a year earlier. At the same time, the total oil production had slowed to 12%
No comments:
Post a Comment