Hearing rumors about potential layoffs in Finance. Anyone else hear anything?
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@47f started Monday and still going as of yesterday in the US
I know they stopped all tuition reimbursement for finance U.S. last year so I took that as it being non strategic for the US. Figured it would go to Canada or a contractor.
@mz finance, purchasing and HSE all being cut at US sites. Ongoing waves now to year end. I do believe this is to make refineries look more profitable to investors… some folks might be moved to a contractor if they are working projects only, in US. Can’t truly achieve synergies if you have a manager at each site . Have one manager in Dublin and team leads to be accountable for people and work execution. Calgary can do the rest. Site managers play both sides of the fence anyway. They don’t support corporate goals and throw up obstacles for corporate to take over the work. They kiss a-s to the site leaders and undermine the Cenovus processes. They aren’t value add, it just doesn’t work.
@3h9 I heard they want most of the corporate services in US centralized by end of year or they will need to use temp workers… no more site managers for safety, environment, finance, scm, etc. one Dublin based lead covers all sites in future,
@jn SCM U.S. is going to be reorganized consolidating work to corporate and outsourcing the remaining site related work. The senior leaders want the position cuts by year end at the assets. They don’t want to incur the costs for all of the managers and advisors in hr, finance, environmental, scm, projects. They want the Calgary and Dublin teams to absorb the tasks these site folks do.
Finance jobs at the assets being consolidated and moved to corporate by end of year. Leadership wants all of the indirects off the books of the assets ASAP - CVE not growing refining capacity. Cuts include Dublin folks as well.
I can confirm jobs are being eliminated at US Refineries starting this week
Heard some happened today??!!??
September 15 and or 16 Is D day, will be more than finance taking a hit, like I said before this is round 1..20% layoff is the number thrown around. Likely round 2 is due to Meg purchase likely early December.
@kz not sure, that’s what I heard.
I’ve heard that some finance jobs are moving from the US refineries to the Dublin office and about 15% reduction overall.
@jn why in two rounds
I heard possible outsourcing of some finance jobs, first round coming September and second round early December. Might also look at SCM but not totally sure.
@cz think I’ve seen a few moves happening with leaders between US and CAN already which helps backup the Centralization. I haven’t heard anything Safety.
I heard that Safety is on the chopping block with centralization of US and Canadian teams