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 off hundreds of workers in Calgary. These are skilled, dedicated people who have greatly contributed to Alberta’s energy sector and to Canada’s economy,” Hodgson wrote….