Imperial Oil runs very lean. With prices dropping, it'll run even more lean. We have a large workload relative to the amount of people on each site and you should be aware of that - that is the reason why you dont see many layoffs as we cannot afford it. On the other hand, work/life balance at Imperial is really bad as you will be working long hours. So, I would say no layoffs in 2015 and regardless of oil prices the company might continue to do fairly well.
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Plenty contractors got dropped off through 2015, just few employees.
There will be cuts, it has to be, with prices going down 60, it has to hurt
Just to be clear, I think there will be no layoffs at Imperial this year