COVID wage support plan crucial to oil sector: CAODC
The Canadian Association of Oilwell Drilling Contractors (CAODC) applauds Ottawa for its wage support announcement of a 75 per cent wage subsidy for drilling and well-servicing businesses.
“The federal government’s COVID-19 Economic Response Plan includes the type of substantial support the industry needs right now. Wage support is desperately needed, and we appreciate the federal government’s assistance and commitment to our industry,” says CAODC President & CEO, Mark Scholz.
The program will help oilfield service companies keep Canadians employed through the COVID-19 pandemic, adds Scholz.
Canada’s oil and gas service sector is facing a crisis, unlike anything ever seen before, and this assistance is crucial for its survival.
The Association has provided policy recommendations to Ottawa that would directly support and stabilize the industry.
“We have been working with the federal government to develop targeted relief policies for the industry. There is no question more support is needed, however, announcements such as this will make a meaningful difference,” says Scholz.