ConocoPhillips’ Surmont project located in the Athabasca region of northern Alberta.ConocoPhillips
ConocoPhillips is cutting up to 300 jobs in its Canadian operations, the division's third round of layoffs since the energy-sector downturn began nearly two years ago.
The reductions, representing up to 14 per cent of ConocoPhillips Canada's work force, are expected to be completed by the end of September, spokesman Rob Evans said.
Mr. Evans said layoffs will be in the range of 250-300 employees. About 45,000 energy-sector jobs have been lost since late 2014, when oil prices began to collapse due to a global oversupply.
"The vast majority of reductions will be in our Calgary head office and the details on which specific parts of the business will be impacted are still being worked out," he said.
The Canadian unit of the Houston-based oil major cut 200 jobs and let another 100 contractors go in March 2015. Another 400 staff were laid off in October.
The newest cuts will be among 1,000 job reductions across ConocoPhillips operations, with most targeting North America.
Jeffrey Jones