Looks like those calling for a recession in Alberta just got a huge boost, Suncor Energy cuts 1,000 jobs. Also Shell Albian sands project also located fort mcmurray has cut 300 jobs. These are high paying good jobs that the government has been taxing the life out of since they came into existence, well now the government has to return some of that money back in the form of Unemployment benefits. This is a huge cost for the government who is complete failure at managing a balanced budget both at the federal and provincial levels. Suncor and Shell are doing the right thing for their shareholders and reducing costs as much as possible and maintaining there dividend payments business.financialpost/2015/01/13/suncor-energy-inc-cuts-1000-jobs-reduces-capital-spending-by-1-billion-amid-oil-price-rout/
Posted on: Wed, 14 Jan 2015 18:35:42 +0000