Technology

Imperial Oil to slash 20 per cent of workforce in major corporate restructuring

By Meghan Potkins

Copyright financialpost

Imperial Oil to slash 20 per cent of workforce in major corporate restructuring

“The oil market has been relatively strong,” Masson said. “Imperial has been very profitable. They’ve got good assets. They’re going to continue to produce lots of revenue for years to come. It’s really about, as technology is moving so quickly, how do you make sure you take advantage of it to reduce your costs, to stay competitive?”