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Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

Energy


TSX:HSE.PR.B - Post by User

Husky Energy Inc. cumulative redeemable preferred > Staff Cuts Coming
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Comment by onec007on Oct 22, 2019 4:51pm
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Post# 30256346

RE:RE:RE:Staff Cuts Coming

RE:RE:RE:Staff Cuts ComingThe company has about 5,157 perm employees at the end of 2018. Some have circulated that up to 400 people left the organization which would yield approx $40 mil in annual savings if we assume $100K is the avg salary.  I think we should get more info on Thursday regarding the layoffs and hopefully reiteration on dividends and return to shareholder. LKS is probably annoyed that the company has not cut in 2016-2018 when other companies had.  
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