It’s looking like there’s been another casualty for the Calgary economy thanks to the low price of crude.

Canadian Natural Resources Limited staff will see up to a 10 per cent salary reduction for all of their Calgary and Aberdeen staff.

CNRL Management has confirmed the salary reduction will be higher for higher salaried individuals.

The news comes as the company revealed a $405 million loss earlier this summer after the provincial government raised the corporate tax rate.

CNRL provided 660 NEWS with the following written statement.

“Canadian Natural has been proactive in dealing with the low commodity prices, as well as the current fiscal and regulatory challenges facing the oil and natural gas industry. Our employees work hard every day to make sure that they are living our mission statement and conducting business in a manner that is “doing it right”. The challenges facing our industry are significant. In helping to meet these challenges, our more than 7,600 employees have made notable gains to become more effective and efficient, and we are confident that they will continue to do so. In this environment, Canadian Natural is taking additional actions to further reduce costs and to protect the robustness of the company by implementing a salary reduction of up to 10% for all Calgary and Aberdeen staff. The salary reduction is higher for higher salaried individuals.”