PRODUCTIVITY GAIN SEEN IN CANADIAN RESTRUCTURING

Restructuring in the Canadian petroleum industry, including cuts of more than 12,000 jobs, has produced significant productivity gains, a Calgary analyst says. A report by Ziff Energy Group is based on surveys of 29 large, medium, and small companies. The study says staffing levels were down 3-5% in 1991 across the industry with administrative departments taking the biggest cuts up to 10%. Operating staff cuts averaged 5%.

Sep 21st, 1992
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