Trican vice president of the Canadian Region expects there will be no more reductions in its business in the near future.
This comes after it released the results for the first quarter of 2015. During that time, the company undertook a number of actions to streamline its operations. VP Robert Cox tells inSide Drumheller that the majority of the cuts have already happened.
“We have been downsizing since February, with a sizable downsize in March. We think we are sized right for the work we anticipate for the rest of the year and 2016,” he said.
“We have no plans at this time to do any further downsizing. We did a fairly major reduction in Drumheller and we think we are sized properly.”
“We cut deep so we would only have to cut once, instead of cutting a number of times, which just puts people on edge throughout.”
Drumheller was not the only area of its business that faced cuts. He said that in February and March about 680 positions were cut from its Canadian operations, making it about 900 over the year. While a number of media reports cited 2,000 cuts, this was from its entire operations.
This could of course change.
“If the activity is stronger than we anticipated, we would anticipate hiring, and try initially to hire the people we let go. If the work scope drops and the activity level is less than we anticipate, than we are going to have to look at our infrastructure again,” he said.
