Cenovus Energy (Cenovus) is trimming its workforce as part of a “continued focus on being more competitive across all areas of our business.”
“We have reviewed some team structures, which has led to some employees and contractors leaving the company,” the Calgary-based energy giant told CTV News.
While the company wouldn’t comment on the exact number of jobs being cut, at least 50 people were let go at one of its facilities in Alberta — requiring them to inform the provincial government.
“Cenovus has indicated that severance, extended benefits, and career counselling services are being provided to support impacted qualifying employees,” the province said.
The bombshell update comes as Cenovus prepares to release first-quarter results and host its 2025 annual meeting of shareholders on May 8.
SEE ALSO
• Cenovus Energy eliminating hundreds of jobs amid Husky bid
• Whitecap Resources, Veren to merge in $15-billion deal
• Expedia Group trimming workforce by 3%, part of 2025 restructuring
If you’re fired or let go from Cenovus, understanding your legal rights is crucial.
Non-unionized employees in Canada’s energy industry are entitled to severance pay. The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.
WATCH: Employment lawyer Lior Samfiru delves into severance pay on an episode of the Employment Law Show.
Here’s what you need to...
From misinformation surrounding the tragic Tejas fighter jet crash at the Dubai Airshow, which claimed the life of the pilot, to a manipulated video falsely showing Indian Army Chief General Upend...