June 20, 2017 / 6:10 PM / 3 months ago

Cenovus CEO says company cut some jobs as it reviews operations

TORONTO (Reuters) - Cenovus Energy Inc Chief Executive Brian Ferguson said on Tuesday that the company expects to cut some jobs as part of an effort to reduce costs by C$1 billion ($754 million).

Ferguson disclosed the plan in a briefing with reporters, saying the company would make the cuts as it assessed its operations to identify “redundancies” and “overlap” in the company.

Reporting by Solarina Ho in Toronto; Editing by Jim Finkle

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below