TransCanada begins new round of layoffs but won't give total

TransCanada has began a new round of layoffs but is not yet disclosing publicly how many people are affected, saying employers and contractors are still being notified.

Energy company trying to become a more 'nimble organization' by eliminating 'redundancies and inefficiencies'

TransCanada CEO Russ Girling speaks to reporters in this file photo. The company is cutting jobs as part of structural changes in response to low oil prices, according to a spokesman. (Jeff McIntosh/Canadian Press)

TransCanada began a new round of layoffs today but is not yet saying publicly how many people are affected.

"I can confirm that workforce adjustment notifications are being made today," company spokesman Mark Cooper told CBC News in an email.

"Until the process is complete, we are unable to provide detail on employee or contractor reductions."

"These changes align with changes that we're making to our structure to remain competitive and deliver shareholder value, as well as in response to falling oil prices and its effect on our customers," Cooper said.

"These two factors mean that we need to drive down costs and pursue our projects more efficiently and strategically. This includes having to make some difficult decisions that affect our workforce."​Cooper said specifics on the cuts will come later.

"Our aim is to be fair and respectful in this process. We are committed to ensuring that all employees have the opportunity to hear information from their leaders first," he said.


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