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| Cenovus budgets for more cost, payroll cuts http://www.epgeology.com/news-f37/cenovus-budgets-for-more-cost-payroll-cuts-t17662.html |
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| Author: | NewsPoster [ Fri Dec 15, 2017 6:35 am ] |
| Post subject: | Cenovus budgets for more cost, payroll cuts |
OGJ Production News Cenovus Energy Inc. is combining executive jobs and planning a 15% workforce cut in 2018 under a little-changed budget focusing on cost and debt reduction. It plans to invest $1.5-1.7 billion (Can.) in 2018, compared with an expected $1.55-1.65 billion this year. Read more |
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