Search Bob Brinker Fan Club Blogs

Monday, February 05, 2018

Suncor to Replace 400 Truck Drivers with Self Driving Trucks

Bob Brinker first recommended Canada’s largest oil company, based in Calgary, Alberta, Suncor Energy (SU Charts) in 2009.   
Suncore announced on January 31, 2018 that they will be cutting about 400 heavy-equipment operator positions over the next six years as they phase in a new fleet of self-driving trucks.
Suncor's plan to test the autonomous truck systems was initially criticized by the Unifor union local because of job losses. But Little says Suncor is working with the union to minimize job impacts by retraining workers whose jobs will disappear
These five million dollar trucks will operate twenty four hours a day and not need a pension plan.

  • ...autonomous trucks are so efficient — because they operate 24 hours a day and stop only for fuel — the company will need fewer trucks in the future than it employs now.
  •  Komatsu says tires on its autonomous trucks last 40 per cent longer because the trucks avoid sudden acceleration and abrupt steering.


"We have about 500 roles that will get eliminated through this and we're going to add about 100. So the net change in our workforce is about 400 positions," chief operating officer Mark Little said in an interview Wednesday.

Kirk Lindstrom's Investment Letter
(My SPECIAL ALERT emails will begin as soon as I get payment via check or PayPal)



More at: Suncor driverless trucks will kill 400 net jobs, says company

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

FREE Updates Mailing List


We email regular "FREE Bob Brinker Fan Club Updates" to everyone on our "Bob Brinker Fan Club" distribution list. If you would like to get on this list, then click this link.


Top Rated Newsletter


Timer Digest Features
Kirk Lindstrom's Investment Letter
on its Cover

Cick to read the full page article!






US Treasury Rates at a Glance - iBond Rates - LIBOR Rates

Must Read:
Beware of Annuities - Payday Loans Warning