TransCanada eliminates additional management positions

Following a September decision to cut 20% of its senior management positions, TransCanada Corp. is now eliminating approximately 30 more directors from its payroll, according to Reuters.

In June, TransCanada laid off 185 employees from its major projects division. Current market conditions, along with delays in decisions regarding the company’s proposed Keystone XL and Energy East pipeline projects, have led TransCanada to decrease staffing levels among other cost-cutting measures.

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


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

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