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Spanish energy giant Repsol confirmed Tuesday it is cutting 30 per cent of its Canadian staff, laying off employees from its downtown Calgary office as well as field locations in Chauvin and Edson, Alberta.
AMANDA STEPHENSON, CALGARY HERALD Updated: June 18, 2019
Repsol, which purchased Calgary-based Talisman Energy for $13 billion in 2015, said the cuts were meant to “ensure the long-term sustainability” of the business. In an emailed statement provided by the company, Repsol said the departing employees are “skilled people who have made strong contributions to our business and we are very sorry to see them go.”
Employees in the Canadian exploration and production and corporate units affected by the reorganization will be informed this week, according to an internal memo seen by Postmedia.
“This will include individuals who will be filling the roles that remain with the organization, those who will be working through a transition period prior to exiting the organization, and those who will exit immediately. Unfortunately, as I already mentioned, there is not a role for everyone,” the memo from Paul Ferneyhough, Repsol’s executive director of North America, said.
Repsol declined to say exactly how many employees will be affected by the cuts. According to its website, the company had 722 employees in Canada as of the end of December.
In 2016, the company said it was reducing its Calgary headcount by 10 to 15 per cent as the result of the oil price downturn.