A week after TransCanada said its employees could expect layoffs, the Calgary-based company said staff started to receive notifications Wednesday.
Spokesperson Mark Cooper said the company is ensuring “all employees have the opportunity to hear information from their leaders first.” TransCanada declined to outline any details as to the number of people or contracts affected.
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“These changes align with changes that we’re making to our structure to remain competitive and deliver shareholder value, as well as in response to falling oil prices and its effect on our customers,” said Cooper in an email to Global News. “These two factors mean that we need to drive down costs and pursue our projects more efficiently and strategically.”
Cooper said the cuts aren’t related to any specific project or decision, but are rather meant to ensure the company stays competitive amid tough market conditions.
Obama formally rejected the TransCanada application Nov. 6, ending seven years of debate over the controversial project.
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TransCanada had 6,059 employees across North America according to its most recent annual report.
The company cut 185 positions from its major projects division in June. In September, it trimmed about a fifth of its senior leadership positions at the vice-president level and above. A month later, it cut 30 positions one rung below at the director level.
With files from Global’s Sarah Offin, Tomasia DaSilva and The Canadian Press
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