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TC Energy Corp T.TRP

Alternate Symbol(s):  TRP | T.TRP.P.I | TCANF | TNCAF | TRPEF | TCNCF | T.TRP.P.A | T.TRP.P.B | TRPPF | T.TRP.P.C | TRPRF | T.TRP.P.D | T.TRP.P.E | T.TRP.P.F | TCENF | T.TRP.P.G | TCEYF | T.TRP.P.H

TC Energy Corporation is a Canada-based energy problem solver working to move, generate and store the energy in North America. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines, Liquids Pipelines and Power and Energy Solutions. The Company's business includes Energy Solutions, Natural Gas, Oil and Liquids and Power and Storage. The Natural Gas business includes its 93,300 kilometers (km) (57,900 miles) network of natural gas pipelines, which supplies more than 25 % of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. The Oil and Liquids business has its oil & liquids pipeline infrastructure, approximately 4,900 km, which connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma, Texas and the United States Gulf Coast. Its portfolio of energy infrastructure assets includes investments in seven power generation facilities.


TSX:TRP - Post by User

Post by Dibah420on Mar 07, 2024 7:57am
191 Views
Post# 35919909

Job Cuts

Job Cuts
8 COMMENTS
LISTEN TO THIS ARTICLE

TC Energy Corp. 

TRP-T -0.26%decrease
 
 has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday.

 

A company spokesperson said in an e-mailed statement the layoffs relate to TC Energy’s previously announced plans to integrate its Canada, 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 head count reduction that it blamed on higher interest rates, economic uncertainty and geopolitical developments.

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


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