BR Alta Notley Energy – CP

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BR Alta Notley Energy – CP

by ahnationtalk on November 2, 2015287 Views

Source: The Canadian Press – Broadcast wire
Oct 31, 2015

CALGARY – Alberta Premier Rachel Notley acknowledges that it’s “very hard” for families affected by companies forced to cut staff by low oil prices — but she says the provincial government is in no shape to offer any short-term lifelines.

The Canadian Association of Petroleum Producers estimates 36-thousand jobs have been lost this year in the oil and gas sectors.

And while sympathetic to the situation, Notley says the energy industry is “addressing and succumbing to pressures that are international in scale.”

Speaking in Calgary yesterday, she added that any bailout is “beyond the capacity” of her N-D-P government.

Calgary-based Cenovus Energy announced this week it has chopped its workforce by 700 for the second half of the year, on top of 800 earlier job cuts.

And Husky Energy says it’s planning further job reductions and asset sales even though it has already cut 14-hundred contract workers and full-time employees.

(The Canadian Press)

INDEX: OIL&GAS LABOUR NATIONAL BUSINESS POLITICS

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