The major Canadian oil company Husky Energy has announced hundreds of layoffs in the country.
According to Bloomberg, Husky Energy Inc will be laying off hundreds of workers Tuesday as the company has been bracing for impact on oil production and low pricing.
“Today we did have to say goodbye to some of our colleagues. Husky has been taking steps to better align the organization and workforce with our capital plan and strategy,” said Kim Guttormson, a spokesperson for the company.
Most of the job losses will affect western Canada, a majority being in Calgary.
Last year, Husky redirected $300 million of this year’s budget to brace for the ailing oil sector and are expecting to see a 10 percent decrease in annual capital spending.
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me next month
To find out what personal data we collect and how we use it, please visit our Privacy Policy
