Enbridge and Spectra put 1,000 employees on notice
Energy infrastructure giant Enbridge announced plans to destaff about 1,000 employees, representing 6% of its total workforce. Enbridge spokesperson Todd Nogier attributed the layoffs to its recent merger with Spectra Energy, which has resulted in duplication across the company's organizational structure.
Last year, Enbridge promised investors its merger with Spectra would result in $540 million in annualized savings through "synergies", mostly realized in general overhead costs.
Enbridge says it will make the staffing cuts over the next few months but did not disclose how those cuts will be distributed through its offices.
At the end of 2016, Enbridge had 9,600 employees, including contractors. Post-merger with Spectra, the number of employees increased to over 17,000.
The "new" Enbridge is North America's largest energy infrastructure company.