Imperial Oil to Cut 1,000 Jobs by 2027, Sparking Political Concern
Imperial Oil has announced a significant restructuring plan, including layoffs affecting around 1,000 jobs near me, or about 20% of its workforce by 2027. The news has sparked concern and disappointment among political figures and business leaders.
Federal Energy Minister Tim Hodgson has expressed his disappointment with the amazon jobs layoffs, pledging support for the affected workers. Alberta Opposition NDP leader Naheed Nenshi went further, describing the indeed jobs layoffs as a significant blow to Calgary and Alberta's economy. He urged the Alberta government to develop a plan to retain good-paying jobs in the province.
Imperial Oil's chairman acknowledged the substantial impact of the restructuring on employees and their families. The company plans to sell its Calgary office complex and lease back the space it will still need, maintaining a presence in the city. The layoffs are part of a broader restructuring plan expected to save Imperial about $150 million annually.
Alberta Premier Danielle Smith has blamed Ottawa for Imperial Oil's layoff plans, suggesting federal policies are driving the company's decision.
Imperial Oil's restructuring will see around 1,000 jobs go by 2027. Political figures have expressed concern and pledged support for affected workers. The company plans to sell its Calgary headquarters but maintain a presence in the city. The Alberta government is being urged to develop a plan to retain jobs in the province.
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