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Old 09-11-2015, 07:33 AM   #29
Northendzone
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Quote:
Originally Posted by GullFoss View Post
For context i think salaries at cnrl are maybe $1.5 per bbl of oil produced. So cutting salaries by 10% saves them maybe 15 cents per barrel. Even when oil is $55 cad that doesnt really register.

So not a bad move...but it hurts workers a lot more than it helps cnrl.
not the workers whose jobs were saved (for the short term) becasue everyone took a paycut. i don't work for CNRL; however, to me it sends a good message that my company is going to try and do somehting to save my job and everyone is in it together

the eI max is somewhere around $540 per week
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