ConocoPhillips (COP) Plans Canadian Workforce Cuts As Energy Consolidation Builds

ConocoPhillips (NYSE:COP) plans to reduce its Canadian workforce as part of a restructuring of its regional operations. The announcement comes as North American oil and gas producers pursue large scale consolidation and portfolio simplification. Management framed the move as an effort to align Canadian staffing levels with current project priorities and long term asset plans. The planned Canadian workforce cuts are only one piece of the story for ConocoPhillips, which has other key drivers...