TransCanada Says Cutting 20% Of Senior Management Positions


CALGARY, Alberta, Sept 24 (Reuters) - Pipeline company TransCanada Corp is cutting 20 percent of its senior management positions as a result of the continuing slump in oil prices, a company spokesman said on Thursday.

TransCanada is the company behind the controversial and long-delayed Keystone XL pipeline to the United States, and the cross-Canada Energy East project.

(Reporting by Nia Williams; Editing by Chris Reese)

Copyright 2016 Thomson Reuters. Click for Restrictions.


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Ray Richards | Sep. 24, 2015
About time, now cut senior salaries and benefits by 20%

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Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
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