Liberal Minority Government 2025 - ???

[daftandbarmy]

This wont play out well, for a company that posted an 8.5B profit last year to cut 900 people in two years and essentially pull out of calgary. This is a major blow

‘Deeply disappointed’: Ottawa reacts to Imperial Oil plan to cut 20% of Calgary workforce by end of 2027

Imperial Oil is planning to slash about 20 per cent of its workforce by the end of 2027 as part of a restructuring plan.

www.ctvnews.ca

And probably just the start of a trend ...

ExxonMobil to cut 2,000 jobs worldwide amid restructuring plans​

Faced with a slump in global crude oil prices as the OPEC+ group of oil producers has increased output, energy companies have announced thousands of job cuts this year to rein in costs while they contend with lower profits.

ExxonMobil to cut 2,000 jobs worldwide amid restructuring plans | Globalnews.ca

A day after Calgary-based Imperial Oil announced plans to slash its workforce by 20 per cent, its parent company, ExxonMobil, also announced deep job cuts.

globalnews.ca

 

[Eaglelord17]

OAS = To confirm Old Age Security benefit? If it is, this affects my father but not my mother and step father. I only know a little about it (Who is and at what age is entitled)

It effects a lot of old people, many of whom shouldn’t be receiving it in the first place.

That was a good read, thanks for posting it.

Helps to understand the impact of policy changes (even minor ones) - but like you said, nobody will touch this issue because nobody wants to be the 'bad guy' for reducing senior's benefits. (Even if it just means reducing them to what they were a year ago)

We subsidize our elderly (who are the wealthiest part of our population) with the income of our youth (who can barely afford to live). We really need to start calling it welfare as that is what it is. Put some stigma in taking it.

This wont play out well, for a company that posted an 8.5B profit last year to cut 900 people in two years and essentially pull out of calgary. This is a major blow

‘Deeply disappointed’: Ottawa reacts to Imperial Oil plan to cut 20% of Calgary workforce by end of 2027

Imperial Oil is planning to slash about 20 per cent of its workforce by the end of 2027 as part of a restructuring plan.

www.ctvnews.ca

My company is hoping to be able to lay off 800-1500 employees in the next 2-5 months. Originally this was going to happen over the course of another few years and hopefully retirees would balance out most the leaving.

Basically their main product line was geared to the US and it takes way to long to make a new product line. So essentially their choice is to reduce costs as they can’t make more profit in the short term.

Thank Trump and his tariffs.

 

[MilEME09]

https://www.cbc.ca/news/canada/toronto/gm-production-fort-wayne-1.7642742?__vfz=medium%3Dsharebar

GM to move production from Oshawa, I heavily suspect the gov might step in here, potentially even sole source LUV phase 1 for the milcot 2.0 to GM to keep Oshawa going, but thats just my opinion

 

[GR66]

https://www.cbc.ca/news/canada/toronto/gm-production-fort-wayne-1.7642742?__vfz=medium%3Dsharebar

GM to move production from Oshawa, I heavily suspect the gov might step in here, potentially even sole source LUV phase 1 for the milcot 2.0 to GM to keep Oshawa going, but thats just my opinion

Maybe it's time to tell China that if they want to sell their EV's in Canada then BYD should open a manufacturing plant here.