Amec Foster Wheeler slashes jobs

  • 12 Nov 2016
  • Saskatoon StarPhoenix

Amec Foster Wheeler slashes jobs

Such actions are never desirable, but are taken to ensure our long-term viability in the region.

The global engineering and project management company Amec Foster Wheeler PLC slashed approximately 15 per cent of its Saskatoonbased workforce this month.

The company cut 57 jobs from its 350-strong Saskatoon office in response to what spokeswoman Lauren Gallagher called “current market conditions.” Amec Foster Wheeler employs about 36,000 people in 55 countries. “While steps have been taken in recent months to avoid this situation, our current staffing levels were unsustainable,” Gallagher said in an email. “Such actions are never desirable, but are taken to ensure our long-term viability in the region.”

Amec Foster Wheeler is one of many companies with significant operations in Saskatoon to cut jobs as a means of saving money amid extremely challenging economic conditions caused by tumbling resource prices.

Cameco Corp. shut down its Rabbit Lake uranium mine and suspended its U.S. in situ recovery operations in April, at the cost of about 585 jobs. The Saskatoonbased company has since reduced its corporate workforce by about nine per cent.

About 150 industrial workers lost their jobs on Oct. 15 after Mitsubishi Hitachi Power Systems Canada Ltd. shuttered its Saskatoon-based manufacturing division. Roughly 40 people in the firm’s power division will continue working in the city. Last week, Mosaic Co. began re-hiring about 330 unionized miners who were laid off from its Colonsay potash mine in July in response to extremely weak fertilizer prices caused by global oversupply.

Saskatchewan has shed almost 10,000 full-time jobs, or about two per cent of its total full-time workforce, over the last 12 months, according to Statistics Canada. Its unemployment rate was 6.1 per cent in October, up from 4.9 per cent a year ago.

Amec Foster Wheeler was formed in a 1982 merger between older firms and is based in London, England. It primarily works in the mining, oil and gas, power generation, environment and infrastructure sectors. One of the company’s largest projects in the province is K+S Potash Canada’s $4.1 billion Legacy mine near Bethune, which is gearing up to enter production in the second quarter of 2017.




About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on November 14, 2016, in economic impact, miscellaneous, oil, other minerals, political, potash, uranium and nuclear. Bookmark the permalink. Leave a comment.

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