Friday, April 19, 2024

HomeEconomyCanada's TC Energy laying off staff

Canada’s TC Energy laying off staff

Economy

Reuters exclusively reported that Canada’s energy infrastructure company TC Energy was planning to cut jobs, just a week after Suncor Energy unveiled plans to lay off 1,500 jobs. A spokesperson for TC Energy told Reuters that the company was downsizing to optimize its business. TC shares rose 1.1% backing a decline in the broader Canadian share market. 

Market Impact

After Reuters exclusively reported the plan, TC shares rose 1.1%, backing a decline in the broader Canadian share market. 

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Economy & Policy

Regions: Americas

Countries: Canada

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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