Companies in the ailing oilpatch are looking at ways to avoid layoffs — or at the very least to forestall or minimize them.
The majority of employees said they would rather ... keep the team together than to have people laid off- Murray Edwards, Canadian Natural Resources
Canadian Natural Resources has not had to trim its workforce of more than 7,600 as a result of the crude price collapse.
"In lieu of layoffs, we went to our staff and said 'we will do wage reductions.' And every employee who made more than $50,000 had a wage reduction," chairman Murray Edwards said to applause at a recent business forum in Lake Louise, Alta.Read More