Imperial Oil layoffs will reshape the company’s workforce as it trims 20 percent of staff by 2027. The move affects about 900 jobs, most of them in Calgary. According to the company, the restructuring is part of a broader plan to consolidate operations and boost efficiency.
Relocation and Reduced Calgary Presence
In a statement, spokesperson Lisa Schmidt explained that most Calgary-based roles will shift to the Strathcona Refinery in Edmonton by late 2028. While Imperial Oil will keep a limited presence in Calgary, the cuts mark a significant change for a city that has hosted the company’s head office since 2004. Schmidt acknowledged the difficult impact on families and promised support during the transition.
A Long History in Calgary
Imperial Oil’s connection to Calgary dates back to 1923, when it began operations at its refinery there. Today’s announcement highlights how even long-standing ties cannot shield against strategic restructuring. The company’s 2024 annual report listed 5,100 employees, making this a sizeable reduction.
Spending Now to Save Later
The company said it will spend about $330 million to implement the changes. However, leaders expect to save $150 million annually by 2028. They believe consolidating activities at operating sites will strengthen collaboration, sharpen focus, and improve performance. The timing follows a recent dip in profits, with net income falling to $949 million from $1.13 billion a year earlier.
Reaction From Ottawa and Experts
Federal Energy Minister Tim Hodgson expressed disappointment, noting the contributions of Alberta’s skilled energy workers. He said Ottawa remains committed to new energy projects, global markets, and worker support.
Industry experts view the move differently. Richard Masson of the University of Calgary’s School of Public Policy argued it reflects an industry-wide push for efficiency. He pointed out that companies are embracing artificial intelligence to streamline costs, suggesting Imperial’s decision aligns with that broader trend.
The Bigger Picture
Although painful for employees, Imperial Oil sees the layoffs as essential to future strength. For workers and communities, however, the announcement adds uncertainty in a sector already navigating transition.
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