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Canadian energy minister disappointed by Imperial Oil’s planned layoffs
Imperial Oil aims to save $150 million annually by cutting about 1,000 jobs, representing 20% of its workforce, as part of restructuring in Alberta.
- Energy and Natural Resources Minister Tim Hodgson expressed disappointment Tuesday at Imperial Oil's plan to cut roughly 20 per cent of its workforce by 2027 and offered sympathy to affected families.
- Calgary-Based Imperial said the cuts are part of a broader restructuring plan to consolidate activities to operating sites in Alberta.
- Data and company comments indicate the scale and response: layoffs would affect about 1,000 jobs from 5,100 employees as of Dec. 31, 2024, while Imperial reported $11.23 billion in revenue.
- Hodgson said he is working to understand Imperial's decision and will explore supports, while Naheed Nenshi urged Premier Danielle Smith to develop plans to keep good-paying jobs.
- Imperial's leadership described the steps as necessary to sustain returns and future opportunities; John Whelan, company chairman, said the restructuring will ensure value for shareholders and sector prosperity.
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Alberta premier blames Ottawa for Imperial Oil job cuts, but experts say it's a global trend
Alberta Premier Danielle Smith says Imperial Oil's plan to lay off roughly 20 per cent of its workforce by 2027 is “very disappointing," laying the blame on Ottawa and reinforcing the need to build pipelines.
·Canada
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Calgary-Based Imperial Oil Announces It’s Cutting One-Fifth of Jobs by 2027
Imperial Oil says it will cut around 20 percent of its workforce by the end of 2027 in a major restructuring. The company had 5,100 employees at the end of last year, according to regulatory filings, but has not yet said how the layoffs will impact the workforce at specific locations. Energy Minister Tim Hodgson posted a statement on X Sept. 29 expressing concern at the news. “I am deeply disappointed to learn of Imperial Oil’s decision to lay o…
·New York, United States
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Coverage Details
Total News Sources31
Leaning Left19Leaning Right1Center1Last UpdatedBias Distribution90% Left
Bias Distribution
- 90% of the sources lean Left
90% Left
L 90%
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