Canada’s Husky Energy announced on Tuesday it has eliminated an unspecified number jobs in a new round of cutbacks as it continues adjusting to the crude price plunge.
Calgary, Alberta-based Husky is an oil and natural gas producer with considerable offshore interests off of Canada’s Atlantic coast.
Last autumn Husky axed 1,400 jobs – staff and contractors – and, while it did not put a number on this latest round of lay-offs, the latest round appears to be about 500 going by employees’ social media comments.
The reductions are across the company’s operations.
Husky is one of Canada’s largest integrated energy firms and it is controlled by Hong Kong billionaire Li Ka-shing.