Imperial oil from Kalgary states that by the end of 2027 it will eliminate 20 percent of her labor.
This will mean approximately 900 jobs, most of which are in the Calgari will be lost. In the statement for CBC News, the company representative Lisa Schmidt said that most of the remaining positions in the Calgar will be moved to the Strathcona oil refinery in Edmonton at the end of 2028.
“We plan to maintain a small presence in Kalgary,” she said.
According to his annual report for 2024, by the end of this year, Imperial Oil had 5100 ordinary employees. The main office of the imperial was Located in Kalgary Since 2004.
“We recognize a significant impact that this restructuring will have on our employees and their families. We strive to support our employees as a result of this transition, ”said Schmidt.
The imperial began operations at the Kalgary oil refinery in 1923.
Spend money to save money
This news appeared in the press release on Monday afternoon, in which the company said that as a result of the decision it will realize “significant efficiency and efficiency”.
“As part of this change, Imperial will additionally consolidate actions at its workplaces, improving cooperation, operational focus and superiority of execution,” the report said.
IMPERIAL says that it expects to spend about $ 330 million to cover the costs of restructuring.
The company expects that by 2028 it will reduce annual expenses by $ 150 million as a result of changes.
Imperial reported that its net income amounted to $ 949 million. The United States over the last quarter, compared with 1.13 billion dollars. USA a year earlier.
The Minister of Energy is “deeply disappointed”
The Federal Minister of Energy Tim Khojson said that he was “deeply disappointed” with restructuring.
“These are experienced, loyal people who have made a great contribution to Alberta’s energy sector and Canada’s economy,” he said on social networks.
Hodgson said that the federal government was “focused on laser production on the creation of new large energy projects, support for energy workers and unlock new export markets for our resources so that we can become an energy superpower.”
Richard Massson, an executive researcher at the University of State Policy of the University of Kalgary, said that restructuring is probably “more about a greater tendency to try to be more effective, using technology” than “commentary on the oil market or the prospects of the imperial in Canada”.
“Costs are always reduced in this business,” he said. “So this is nothing normal. This is just a fairly large lump at a time. ”
According to Massson, the implementation of artificial intelligence may be a factor.
“I think that everyone is probably looking for ways that they can realize artificial intelligence and get the maximum value for this,” he said. “And if this is what it is, this is a rather big step.”
