Cenovus Energy laying off 2,100 employees

Cenovus Energy is expected to begin laying off thousands of employees today after finalizing a deal to buy Husky Energy, a source tells CTV News.

The termination of 2,100 jobs represents one-quarter of the Calgary energy company’s entire workforce, and will likely take place over two phases, according to media reports. Additional layoffs are expected in either February or March.

An internal memo revealed that terminations will largely occur over the phone, as many of the business’ employees are working from home during the COVID-19 pandemic.

Severance Pay for Husky and Cenovus Energy Employees

All non-unionized Husky and Cenovus Energy employees in Alberta that are let go or terminated during this or any future layoffs are entitled to full severance pay.

Severance pay is not limited to a mere one or two weeks’ pay for every year an employee has worked at the company. In fact, severance can total as much as 24 months’ pay, depending on a number of factors including:

• age;
• length of employment;
• position;
• salary;
• benefits;
• bonus entitlements; and
• the ability to secure new employment

For individuals who previously worked at Husky, their severance pay will be based on the time they spent at that company before the merger with Cenovus.

The truth about severance offer deadlines

If you are let go from your job at Cenovus Energy, know that you do not have to sign or accept any termination papers or severance pay offer by a deadline set by the company. You have a legal right to have your termination and severance package reviewed by one of our Alberta employment lawyers to ensure that what you are being offered is fair.

SEE ALSO
TC Energy cutting over 1,000 jobs after Keystone XL project stopped

Employers generally offer inadequately low severance packages upon termination, resulting in the wrongful dismissal of their employees. We can help you secure the termination pay that you are legally and rightfully entitled to. Use the Alberta Severance Pay Calculator to get a better idea as to how much you may be owed in a termination without cause, or an invalid termination for cause.

As the country’s most positively reviewed law firm, Samfiru Tumarkin LLP team has helped tens of thousands of Canadians substantially increase their severance packages. Our experienced, determined and respected legal team has generated strong results for numerous individuals employed in the oil and gas industry. Contact us today to get the financial support you need.