TransCanada plans to cut 20% of senior management

Grappling with continuing low oil prices, TransCanada Corp. plans to eliminate 20% of the company’s senior management positions, according to the Calgary Herald, citing a company spokesman.

The organizational changes will be implemented over the next few months and will help streamline the company’s three business units – natural gas pipelines, liquids pipelines, and energy.

In June, TransCanada laid off 185 people, mostly in Calgary, in order to cut costs and improve efficiency. The current staff reduction plan is expected to be completed by the end of November.

 

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