Exclusive: Spain's Repsol cutting Canadian staff by about 30% after global restructuring
Reuters
Published Jun 18, 2019 21:02
Exclusive: Spain's Repsol cutting Canadian staff by about 30% after global restructuring
NEW YORK (Reuters) - Spanish oil company Repsol (MC:REP) SA is cutting about 30% of its Canadian workforce, following a global restructuring process, the company confirmed in an emailed statement on Tuesday.
"Repsol is constantly evaluating our activity and organization to drive continuous improvement and ensure the long-term sustainability of our business. This process has resulted in a reduction of our workforce in the Calgary, Chauvin and Edson offices," a company spokeswoman told Reuters.
Repsol declined to comment on the exact number of people affected by the reorganization. Employees in the Canadian exploration and production and corporate units affected by the reorganization will be informed this week, according to sources familiar with the matter and an internal memo seen by Reuters.
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Written By: Reuters
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