Quote:
Originally Posted by Murph
More detail in the link below. It’s of particular interest to those of us on the East Coast. Husky operates one of the four offshore platforms, and Cenovus, a heavy oil company, has no other operating interest in the region.
http://www.globenewswire.com/news-re...gy-Leader.html |
The east coast operating jobs are probably the safest anywhere in the combined company. Cenovus doesn't have anyone doing anything similar, and it will probably take the same amount of people as it did before.
Corporate functions will likely be the most affected. That news release had a contact number for a director of investor relations for both companies. Not likely they will need two of those after the merger, which is true of lots of similar corporate type roles.
It doesn't sound like the entire 1.2 billion synergies is job cuts though. It sounded like they though they could save money combining diluent purchases and other things like that.