Frac’ing creates job jobs jobs? Frac Quake Shaker Repsol laying off 30 per cent of Canadian staff

Repsol laying off 30 per cent of Canadian staff, 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 by Amanda Stephenson, June 18, 2019, Calgary Herald

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 Alberta field locations in Chauvin and Edson.

Repsol, which purchased Calgary-based Talisman Energy for $13 billion in 2015, said the cuts are 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, 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,” said the memo from Paul Ferneyhough, Repsol’s executive director of North America.

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 workforce by 10 to 15 per cent as the result of the oil price downturn.

Refer also to:

2016 12 11: Questerre’s partner to frac Quebec is Repsol, creator of 4.8M world record frackquake, day of Ernst vs AER Supreme Court of Canada hearing. “The Alberta Model” Knocks Quebec’s People to their Knees: Gov’t of Quebec Takes Your Land & Rights, Gives Them to the Frackers – For Free

2016 05 18: Jobs Jobs Jobs & Frac Prosperity for All? Buyer to close Sanjel’s Calgary headquarters due to ‘miserable’ demand for its services

2016 04 07: AER allows Repsol to resume fracking after causing world record 4.8M frac quake (felt 280 km away near Edmonton) in AER’s Fox Creek Blanket Approval Frac Frenzy Free-for-All Experiment. But, Repsol appears too shaken to resume

2016 01 28: Didn’t industry, politicians, regulators promise that fracing creates endless jobs, riches for all? Trican, 10th Largest US Frac Fleet Sold For 38 Cents On The Dollar

2015 05 30: What happened to those endless promises that fracing brings jobs jobs jobs and prosperity for all? Trican lays off 137 workers in Odessa, how many in Alberta?

2014 06 08: What happened to all those jobs fracing creates? Encana bets against frac jobs

2014 02 13: Health should take priority over jobs, profits

2014 01 23: Harper government gives Sudbury mining centre $15M to help frac companies while closing embassies, libraries and veteran affairs offices, and eliminating 19,000 jobs

2014 01 13: Stunning Fact: NY Creates 4 Times As Many Jobs As PA Without 1 Shale Well

2013 12 30: Harper government cutting more than $100 million and about 500 jobs related to protection of water

2013 11 24: Contrary to promises of massive jobs and prosperity for all from hydraulic fracturing, Layoffs begin at Encana

2013 11 26: Isn’t frac’ing supposed to create massive prosperity and jobs? Encana proves it isn’t so!

2013 08 19: While the shale gas mantra focuses on jobs, cheap energy and recovery, the evidence contradicts these claims

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