The Globe and Mail reports in its Friday, Nov. 11, edition that an oil-field services company
that laid off almost 66 per cent of
its workers over the past two
years is now warning it cannot find
enough new staff to take full
advantage of a recent increase in
activity.
A Canadian Press dispatch to The Globe reports that Calgary-based Essential Energy
Services (57 cents) says it cut more than
400 workers in 2015 and almost
250 in the first three months of
this year, dropping its staff count
from almost 1,000 to a low point
of 343 last March.
The cuts came as customers in
Western Canada reduced spending
and their appetite for Essential Energy's
well completion and
production services.
Essential says demand has
been rising this fall as producers
react to modest improvements in
commodity prices but it warns
that it could be "constrained" in
its ability to accept work because
it needs to hire another 40 to 50
workers.
Mark Salkeld, president of the
Petroleum Services Association
of Canada, said in an interview
last week that the length and
depth of the current energy
industry downturn mean many
laid-off oil-field workers have
abandoned the profession.
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