Imperial oil’s planned layoffs ‘deeply disappointing,’ energy minister says
Global News
Tim Hodgson says he's working to understand what went into the company's decision and that the government will explore ways to support the workers losing their jobs.
Canada’s energy minister says he’s “deeply disappointed” with Imperial Oil‘s plan to lay off roughly 20 per cent of its workforce by 2027.
Tim Hodgson says he’s working to understand what went into the company’s decision and that the government will explore ways to support the workers losing their jobs.
“These are skilled, dedicated people who have greatly contributed to Alberta’s energy sector and Canada’s economy, and my thoughts are with them and their families as they receive this difficult news,” Hodgson said on social media Tuesday.
Calgary-based Imperial said Monday the cuts are part of a broader restructuring plan and would save the company about $150 million annually.
Company chairman John Whelan said in a statement the restructuring and layoffs will ensure Imperial continues to deliver returns and value for shareholders.
“We recognize the considerable impact this restructuring will have on our employees and their families,” Whelan said.
“We are deeply committed to supporting our employees through this transition.”
The company also said part of the restructuring will see Imperial “further consolidate activities to its operating sites” in Alberta.
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