Cuts are broad and deep - Ops, Maintenance and Engineering all impacted in the field.
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This does little to address the underlying problem but nobody is prepared to tell Suttles he’s not wearing any clothes. Not his Executive Team. Not the Board. OVV are very good at spinning a story (internally and externally) but they are about the run out of yarn......
Just read they have 2100 employees to manage 7 rigs...if that is true I see more jobs eliminated sooner rather than later. Have they taken big pay cuts at the executive level? If that has not happened it should if they really want to save the company.
Hearing their target is 1,000. Be well friends
They are cutting appx 25% of all employees across the organization. Decisions made by VPs and higher. The cuts are being blindly made with no input from the line managers that understand the business. It was good while it lasted.
everywhere. Canada will be more by year end
In what locations?