Article content continued

“Falling oil prices and the current environment are having a profound impact on our customers, and we must do all we can to drive down costs and pursue our projects more efficiently and strategically,” wrote Millar.

“We are now introducing significant changes that will make us a more nimble organization that will ensure each one of our three business units – natural gas pipelines, liquids pipelines and energy – are able to make the decisions necessary to maintain competitiveness and maximize shareholder value.”

In June, TransCanada confirmed it laid off 185 people — most stationed in Calgary — from its major projects department in a bid to cut costs and improve efficiency.

Millar said the company doesn’t have an exact number for how many more people will be affected but said “we expect about a 20 per cent reduction in senior leadership positions.”

After that, the analysis of the organization will continue and more employees will be affected.

He said the overall process is expected to be completed by the end of November.

The company has more than 6,000 staff in North America.

TransCanada is the company proposing the Keystone XL pipeline to the U.S. Gulf Coast. It has endured years of delays due to its failure to obtain a presidential permit to cross the Canadian-American border.

On Tuesday, U.S. presidential candidate Hillary Clinton said she was opposed to the pipeline.

The company says its focus remains on securing a permit to build Keystone XL.

With a file from Dan Healing, Calgary Herald

mtoneguzzi@calgaryherald.com

Twitter.com/MTone123