A total of 37 percent of oil and gas companies in Canada resorted to permanent layoffs due to the pandemic-driven oil price and oil demand slump, a recent survey of energy labor market organization PetroLMI showed . The energy firms in Canada launched measures to reduce labor costs across their organizations, according to the survey of energy workers and executives carried out by PetroLMI, a division of Energy Safety Canada. At the time of the survey in August and September, 68 percent of energy workers said their company had implemented at least one labor cost reduction measure since the start of the pandemic, while 54 percent had implemented multiple measures to cut labor costs. Apart from permanent layoffs, other measures included a hiring freeze for 35 percent of companies, a reduction in executive pay for 29 percent, a reduction in worker pay for 28 percent of firms, temporary layoffs […]