Two-thirds of power firm employers lower labour prices as a result of COVID-19, survey exhibits

A survey by power labour market group PetroLMI exhibits that greater than two-thirds of the employers in Canada’s oil and fuel sector imposed labour value discount measures within the wake of the COVID-19 pandemic lockdowns, together with 37 per cent who enacted everlasting layoffs.

The division of Vitality Security Canada surveyed 300 power trade employees in August and September and interviewed 13 firm leaders in September and August for its four-part report trying into trade response to lockdowns that slashed international oil demand, resulting in quickly falling oil costs.

“Because of the sudden financial influence ensuing from the COVID-19 pandemic after 5 years of depressed oil costs, power employers needed to discover methods to cut back working prices,” the report notes.

“Whereas almost 4 in 10 power employees surveyed mentioned their firm carried out everlasting layoffs, many firms have been in search of options to layoffs.”

The survey discovered that 35 per cent of the businesses invoked a hiring freeze, 29 per cent lower government pay, 28 per cent trimmed employee pay, 27 per cent had momentary layoffs and 21 per cent restricted work hours.

Solely 32 per cent did nothing to cut back labour prices.

Majority working from dwelling

The survey discovered that solely 13 per cent of power employees labored from dwelling at the least sooner or later per week earlier than COVID-19, however that rose to 70 per cent in March, with 57 per cent working from dwelling at the least 5 days every week.

“Traditionally, the oil and fuel trade has not usually been recognized for its versatile work insurance policies, notably the flexibility to earn a living from home,” mentioned PetroLMI analyst Lisette Cameron throughout a webinar on Friday.

“So it is not an enormous shock once we requested power employees how usually they labored from dwelling previous to the pandemic, about seven in 10 mentioned they by no means earn a living from home and solely eight per cent mentioned they earn a living from home 5 or extra days per week.”

On the time of the survey in August and September, 47 per cent have been nonetheless working from dwelling at the least sooner or later per week and 31 per cent have been working from dwelling 5 or extra days per week.

On its web site, PetroLMI notes that oil and fuel employment elevated by 4,450 jobs in October to 164,590 in contrast with September, however was down 12 per cent or 21,400 jobs from October 2019.

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