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TC Energy confirms latest round of job cuts; unspecified number of employees affected

CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday.
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TC Energy Corp. logo is shown in a company handout. THE CANADIAN PRESS/HO-TC Energy Corp. **MANDATORY CREDIT**

CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday.

A company spokesperson said in an emailed statement the layoffs relate to TC Energy's previously announced plans to integrate its sa¹ú¼Ê´«Ã½, U.S. and Mexico natural gas pipelines business units.

The new job cuts are in addition to a prior round of layoffs confirmed by TC Energy last June.

TC Energy is just the latest company to announce layoffs amid a wave of job reductions at Canadian energy firms. 

Competitor Enbridge Inc. recently completed a 650-person headcount reduction that it blamed on higher interest rates, economic uncertainty and geopolitical developments.

Oilsands giant Suncor Energy Inc. also recently wrapped 1,500 job cuts as part of a wider efficiency push by new CEO Rich Kruger.

This report by The Canadian Press was first published March 6, 2024.

Companies in this story: (TSX:TRP)

The Canadian Press