Enbridge said Monday it has cut 5 percent of its workforce, citing continued crude price weakness.
According to CBC News, the company axed about 500 employees along with 100 unfilled positions in the United Sates and Canada.
About 250 of the affected positions are based in Alberta, the Calgary Herald said.
Enbridge’s manager of business communications Graham White told CBC News that the layoffs impact positions across the company but did not provide further details.
“While Enbridge is more resilient to commodity price downturns than others, we’re not immune,” White said.
The Calgary-based transportation company added that the cuts are not tied to a proposal made last week by Prime Minister Justin Trudeau to ban oil tanker traffic near British Colombia’s North Coast.
The impact that a moratorium would have on Enridge’s proposed Northern Gateway pipeline project, that would transport Alberta bitumen to Kitimat, B.C., is currently unclear.
Enbridge told CBC News last week it is confident the federal government will consult with the over two dozen First Nations that have signed on to the 100,000 barrel per day Northern Gateway pipeline and consider the economic impact of the project before making a final decision.
No legislation to institute a ban has been introduced yet.
“Reductions are from all across the enterprise both in Canada and the U.S., and have nothing whatsoever to do with the government announcement on Friday regarding tanker bans,” Enbridge said Monday.