Husky bosses vague about layoff numbers

By Geoff Lee

February 16, 2016 9:05 AM

Social media chatter puts the number at 500

Husky Energy Inc. has laid off more workers in reaction to hard times times in the oil and gas industry.
The latest cuts —  confirmed by Husky last week — follow the elimination of 1,400 contractors and workers last fall.
“These are difficult decisions and we will continue to take the steps necessary to ensure the company’s resilience through this cycle and beyond,” said spokesman Mel Duvall in an e-mail to the Source.
Duvall said the company was not providing specific numbers.
“The reductions were experienced across our operations,” he said.
Social media comments from Husky employees mentioned as many as 500 jobs have been eliminated.
“I was an employee up until about couple hours ago when I was let go,” one anonymous writer noted on Reddit.
“Layoffs are happening company wide, there were lots of people in the lobby with packages in hand crying and looking distressed,”
Another anonymous post on Reddit suggested the cuts came primarily from Western Canada drilling and operations from information technology and procurement.
Cuts made last fall included about 280 employees and 1,100 contractors.
Husky CEO Asim Gosh said at that time the company would continue to reduce its workforce as it sells assets.
It also initiated a salary freeze.
In January, Husky cut $800 million from its previously 2016 capital spending budget of about $3 billion announced in December.
“Our fundamental goal remains unchanged – the steps we are taking will see Husky emerge from this cycle as a more resilient and more profitable company,” said Ghosh in January.
The company also plans to sell some of it Western Canadian conventional oil and gas assets that produce approximately 55,000 barrels of oil equivalent per day.
Husky continues to assess the potential partial sale of select midstream assets in the Lloydminster region including pipelines and storage facilities.
Husky is also plans to sell its royalty interests in Western Canada, representing approximately 2,000 BOE per day of production.

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