Suncor cutting 1,500 jobs to ensure ‘ongoing competitiveness’

Less than a year after reducing its contractor workforce by 20 per cent, Suncor Energy is reportedly trimming its headcount even further.

According to CBC News, the oilsands giant is expected to eliminate approximately 1,500 jobs as part of a plan to cut costs by $400-million by the end of 2023.

“Staffing reductions will occur at all levels of the organization and will be based on both performance and business need. As we do this, we will eliminate work, critically looking at what we do, why we do it, how we do it and the value it adds,” CEO Rich Kruger told staff in an email on June 1.

“I assure you that decisions like these, that affect people and their lives, are not easy to make or taken lightly. However, at this time, they are necessary to ensure the ongoing competitiveness of our company.”

In an emailed statement, spokesperson Sneh Seetal told CBC News that Suncor is “always looking for opportunities to drive value and improve performance in our business, cost reduction is one of those opportunities.”

Company documents claim that the oilsands giant had more than 16,500 full- and part-time employees at the end of 2022.

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