Calgary-based Chevron Canada Resources confirms plans to cut 130 jobs
Chevron spokesman Leif Sollid says the cuts are part of the company's efforts to establish a competitive foundation in its key focus areas of Alberta, British Columbia and Newfoundland and Labrador, but declined to provide further details, The Canadian Press reports.
The job cuts amount to about 20 per cent of the company's workforce of more than 600 full-time employees. Calgary-based Chevron Canada Resources has interests in crude oil, natural gas, and natural gas liquids projects.
Last December the company shelved plans to drill in the Beaufort Sea due to the "level of economic uncertainty in the industry."
The cuts do not affect Vancouver-based Chevron Canada Ltd., which is a separate subsidiary of Chevron Corp. that focuses on retail sales. It has a further 350 employees, according to the company website. ■