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.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...