January 19, 2015 - 2:21 PM
KAMLOOPS - The change in oil price has directly affected 48 people who are now out of a job in Kamloops after receiving notice from Horizon North Logistics today, Jan. 19.
“I’ve had better days,” President and CEO Rod Graham said. “It’s never a happy day when you have to start Monday with this kind of news.”
Graham said the 48 people laid off in Kamloops were part of a total 130 employees who received notices today. The company, based in Calgary, has a total of 1,800 employees.
Horizon North Logistics provides accommodation in remote locations where work camps are needed. Clients include companies in the oil and mining industries.
Graham said the decision to let employees go correlates with the oil price decline which has weakened funding for clients' projects.
“Unfortunately they’re as challenged as we are with the current price of oil,” Graham said. “It just comes down to commodity prices and timetables.”
Graham said when the prices fluctuate again, the company may hire those who were previously let go.
“We spend a lot of money on training and safety culture,” Graham said. “Kamloops is critically important to me and to our organization.”
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News from © InfoTel News Ltd, 2015