Enbridge plans to reduce its workforce by 650 jobs amidst higher interest rates, economic uncertainty, and geopolitical challenges.

Canadian pipeline company Enbridge plans to cut 650 jobs in response to higher interest rates, economic uncertainty, and geopolitical challenges. The company aims to reduce spending and maintain financial strength through cost reduction measures. Enbridge will first look at reducing vacancies, contract positions, and redeploying current workers before layoffs. The company's CEO, Greg Ebel, emphasizes that safety at operations will not be compromised during this process.

January 30, 2024
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