ExxonMobil's Job Cuts Spark Outrage Among Provincial Leaders - What's Next for Newfoundland and Labrador?

Provincial Leaders Express Disappointment Over ExxonMobil Job Cuts

All three provincial leaders have voiced their disappointment with ExxonMobil's approach to cutting jobs as a response to industry trends, particularly concerning this province.

The company is eliminating approximately 2,000 jobs globally, which will result in some white-collar workers in St. John's being laid off. Importantly, there will be no changes to offshore operations.

Leaders' Reactions and Plans

• Liberal John Hogan intends to meet with Exxon, the lead on the Hibernia project, immediately after the election. He emphasizes that while he welcomes companies developing resources here, it must be on terms that prioritize benefits for Newfoundlanders and Labradorians. This includes not only government revenue but also jobs that put money into people's pockets.

• PC Tony Wakeham points to two main culprits: the federal Liberal government for not supporting the oil and gas industry and the provincial Liberal government for not speaking out. He argues that global demand for oil persists and that Newfoundland and Labrador's resources have lower carbon content than others, making them valuable.

• NDP Jim Dinn believes it's time to play hardball with oil companies. He stresses the need for tough negotiations to secure as much benefit as possible, especially in reference to the Bay du Nord project.