Canada has lost nearly a quarter of its oil and gas jobs, and more losses could be on the way this year
Flame burns from a stack at the Syncrude Canada Ltd. refinery north of Fort McMurray, Alta., Sat. June 4, 2016. A new report from PetroLMI warns of mass job losses in Canada's oil patch this year.
CALGARY — A new report says direct employment in Canada's oil and gas sector is expected to fall by more than 12,000 jobs this year. PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014.It says the oil and gas labour market shrank quickly in 2015 and 2016 following a commodity price collapse and remained relatively flat through 2017 and 2018.
In its 2019 labour market update, PetroLMI says about 12,500 jobs are at risk this year due to factors including low commodity prices, a decline in capital spending and uncertainty about getting oil and gas to market.
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