Cenovus Cuts Some Jobs as It Reviews Operations
Cenovus Energy Inc Chief Executive Brian Ferguson said on Tuesday that the company expects to cut some jobs as part of an effort to reduce costs by C$1 billion ($754 million).
Ferguson disclosed the plan in a briefing with reporters, saying the company would make the cuts as it assessed its operations to identify "redundancies" and "overlap" in the company.
($1 = 1.3261 Canadian dollars)
(Reporting by Solarina Ho in Toronto; Editing by Jim Finkle)
