Energy
Pipeline Giant Enbridge Plans to Cut 6% of Staff
An Enbridge worker at the company’s storage terminal in Cushing, Oklahoma.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Enbridge Inc. plans to cut its workforce by about 6% as one of the world’s largest oil pipeline operators faces steep economic headwinds.
The company will reduce 650 out of about 11,300 employees due to higher interest rates, economic uncertainty and unspecified geopolitical developments, all of which “contribute to increasingly challenging business conditions across many industries,” the Calgary-based company said in an email.