Over 200 Staff Members To Be Laid Off at ConocoPhillips Canada

ConocoPhillips, a multinational oil company operating in many parts of the globe including Canada, has recently reported that it has made plans to lay off up to 300 staff members, mostly workers from its headquarters in Calgary, Alberta.

Apparently, the cuts make up for only a fraction of the 1000 job cuts the company hopes to make in its North American operations.

The company’s spokesman, Rob Evans, delivered the statement informing the public of the company’s latest cutback plans. Mr Evans also explained the company’s reasons for taking such action.

He revealed that the cuts were the result of ConocoPhillips’ plans for global staff realignment to meet future activity levels. He also mentioned that affected staff members were notified about the cuts as early as Thursday.

ConocoPhillips Canada went on to laminate their decision by citing that low prices in Canada were to blame. The company pointed out that commodity prices were less expensive in Canada in comparison to other countries and therefore must proceed with job cuts in order to marginalize losses. In 2014, oil prices experienced a decline due to global oversupply.

Since 2015, roughly 700 ConocoPhillips Canada employees have been laid off preceding this year’s new cut back plan. ConocoPhillips seeks to carry on with the cutbacks come September with the company adding that the actual range of proposed job cuts lie between the region of 250 to 300 jobs.