September 03, 2015 - 10:38 AM
CALGARY - Calgary-based environmental services company Tervita says it has cut 15 per cent of its corporate staff due to the economic downturn.
The privately held company, which is heavily involved in the oil and gas industry, did not disclose additional details in its announcement late Wednesday, including how many jobs the cut represents.
"These actions are in response to the prolonged downturn in the energy markets and the resulting decreased activity levels of our customers," said company spokesman Cam Hantiuk in an email.
"This difficult yet necessary measure ensures our cost structure aligns with the size of our market."
The latest cuts come on the heels of announcements earlier in the week by ConocoPhillips Canada that it plans to lay off 500 employees and contractors, and by Penn West Petroleum that it is cutting about 400 employees and contractors.
Most of those job losses will be in Calgary.
The Canadian Association of Petroleum Producers estimates that at least 35,000 jobs have been lost in Alberta's oil and gas sector this year.
News from © The Canadian Press, 2015