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MARQUETTE -- After careful evaluation, Enbridge has made the difficult, yet necessary, decision to reduce its workforce, according to a press release from the company.
While the company delivered strong financial performance in 2023, cost-reduction measures are necessary to maintain its financial strength, be more cost competitive and enable growth. Persistent headwinds -- including higher interest rates, economic uncertainty and the ripple effects of geopolitical developments -- all contribute to increasingly challenging business conditions across many industries.
Reducing the operating costs and strengthening the company's competitiveness will enable Enbridge to weather near-term challenges and remain the first-choice energy delivery company in North America and beyond.
Decisions that impact the company's people are difficult and will be made carefully. To minimize impacts, we will be looking first at reducing vacancies, contract positions and redeploying people where possible.
Enbridge spokesman Ryan Duffy, when asked where the layoffs would take place, said, "It still hasn't been determined. Safety is always a priority. It won't have any impact on the safety of Line 5."