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Bullboard - Stock Discussion Forum TC Energy Corp T.TRP

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

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... see more

TSX:TRP - Post Discussion

TC Energy Corp > Job Cuts
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Post by Dibah420 on Mar 07, 2024 7:57am

Job Cuts

8 COMMENTS
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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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