Canada-based Pipeline Company Enbridge Cuts 530 Jobs
Canadian pipeline company Enbridge Incorporated is cutting 5% of its work force, according to news media reports. The cuts include 370 positions in Canada and 160 positions in the U.S. The cuts are the result of an organizational review in early 2016 amid low oil and gas prices, Enbridge told news outlets.
A spokesman for the Calgary-based midstream company told Toronto-based The Globe and Mail the cuts are not related to Enbridge’s pending $28 billion acquisition of Spectra Energy, which is expected to close next year. For related information, see September 7, 2016, article - Enbridge to Acquire Spectra, Likely Creating Largest Pipeline Company in North America.
Industrial info is tracking 137 active Enbridge projects worth more than $17 billion. Industrial Info's Oil & Gas Pipeline Industry Platform contains detailed information on more than 4,600 active capital and maintenance projects with a combined value of more than $519.29 billion, and 6,700 operational and pre-commissioned facilities throughout the world.
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