21:01:58 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 863,655,440
Close 2015-11-18 C$ 50.28
Market Cap C$ 43,424,595,523
Recent Sedar Documents

Post says TransCanada, others make further staff cuts

2015-11-19 09:21 ET - In the News

See In the News (C-TRP) TransCanada Corp

The Financial Post reports in its Thursday edition that both TransCanada and Calgary-owned Enmax confirmed they laid off staff Wednesday as a provincewide economic slowdown hits pipeline and utility sectors. Postmedia's Dan Healing writes TransCanada did not provide details on the reductions until they are complete, but anonymous social media postings claim the layoffs are being rolled out over three days, through Friday, and involve hundreds of employees. The company denied the cuts were related to U.S. rejection of the Keystone XL pipeline. The cuts are "not related to any specific project or regulatory decision," a spokesman said by e-mail. Enmax spokesman Doris Kaufmann Woodcock said the electricity generator cut 60 positions on Wednesday. On Monday, Calgary's largest pipeline company, Enbridge, laid off 500 staff and chopped 100 empty positions from its 11,000-employee operations. About half of the layoffs involved people from Alberta. TransCanada announced in June it had laid off 185 people from its major projects department. It announced that it would cut 20 per cent of its senior leaders in September and a further 30 director positions in October. Alberta lost 11,600 full-time jobs in October.

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