Jon McKenzie stated in the CVE townhall this week this is very much a takeover, not a merger of equals. Suspect at least the vast majority of the leadership team will be CVE, not Husky.
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Anybody staffed on Tucker/Sunrise, and thermal heavy are pretty much as good as gone.
Husky people with b—s— titles like VP of Deployed HSE will be first to be shown the door
Yes retail has been on the chopping block but the fact it hasn't been sold means it's unsellable... at least at a decent price. Cenovus doesn't have a retail department, thus retail should be one of the safest departments.
Man husky employees are dumb
Unfortunately, Husky is already top-heavy with far too many unnecessary management positions. Cenovus will likely eliminate the high cost and number of redundant Husky managers in geology, geophysics, finance, HR, IT, etc.
Doesn't matter really how the cenovus model operates, they seem to change every six months or so, think the company has schizophrenia
How can retail be the Safest? It is sitting on the chopping block for a while. Someone who has no clue about Husky is commenting. Agree on overlapping HR, Accounting, Procurement, however, lots of areas are very specialized in Husky business, and Cenovus does not have any expertise operating anything except for Canadian assets and Oil sands.
Safest department in Husky is retail, things like procurement, engineering, mgmt, it, hr will mostly have to be cut
If you’re on a Performance Improvement Plan (Cenovus speak for someone not meeting expectations) at either company you’re 100% gone.
Husky, they are being taken over, all redundant people at husky will be gone, like IT, HR...etc
Anyone who would have an overlapping position across both companies. It would be worth checking into how the FCCL model operates as that is what they are going to be using. It may even be worth checking out how it all went with the Conoco people. I'd imagine it'll be a lot of husky, but don't be tricked into thinking it'll only be husky.
Of course Husky. It's an acquisition, not a merger.