Suncor Energy to eliminate 1,500 positions amid cost-cutting plan

Suncor Energy Facebook page @suncorenergy

Calgary/CMEDIA: Rich Kruger, new chief executive of Suncor Energy reportedly announced his immediate plan of the company’s elimination of 1,500 positions  to cut costs by $400 million by the end of this year.

Kruger notified the staff of Suncor Energy on Thursday about the plan in an email, describing that the company needs to reduce its staffing costs related to its competitors in the oilpatch.

“Staffing reductions will occur at all levels of the organization and will be based on both performance and business need. As we do this, we will eliminate work, critically looking at what we do, why we do it, how we do it and the value it adds,” Kruger told staff in the message.

After becoming CEO on April 3, Kruger  had pledged to transform the company into a “simpler and more focused organization” under his leadership.

In an emailed statement, spokesperson Sneh Seetal said that Suncor is always looking for opportunities including cost reduction to drive value and improve performance in our business.

With about 60 percent of Suncor’s employees connected to its oilsands operations, the company’s full- and part-time employees decreased from 16,922 to 16,558 at the end of 2022 according to company documents.

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