TransCanada Cuts 20 Percent of Senior Leadership Jobs in Slump

  • Reduction follows 185 job cuts in June in major projects unit
  • Falling oil prices force TransCanada to drive down costs

TransCanada Corp., the company trying to build the Keystone XL oil pipeline, plans to eliminate 20 percent of its senior leadership positions as it seeks to lower costs amid the worst crude market slump in a generation.

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