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Repsol Laying Off 30% Of Canadian Staff

Gasoil News - Published on Thu, 20 Jun 2019

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Spanish energy giant Repsol confirmed that it is cutting 30 per cent of its Canadian staff, laying off employees from its downtown Calgary office as well as Alberta field locations in Chauvin and Edson. Repsol, which purchased Calgary-based Talisman Energy for USD 13 billion in 2015, said the cuts are meant to “ensure the long-term sustainability” of the business. In an emailed statement provided by the company, Repsol said the departing employees are “skilled people who have made strong contributions to our business and we are very sorry to see them go.”

Employees in the Canadian exploration, production and corporate units affected by the reorganization will be informed this week, according to an internal memo seen by Postmedia.

Mr Paul Ferneyhough, Repsol’s executive director of North America, said that “This will include individuals who will be filling the roles that remain with the organization, those who will be working through a transition period prior to exiting the organization, and those who will exit immediately. Unfortunately, as I already mentioned, there is not a role for everyone.”

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Posted By : Sanju Moirangthem on Thu, 20 Jun 2019
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