Enbridge Inc. on Wednesday cut 530 jobs across its Canada and U.S. hubs in order to help achieve its long-term strategy of growth and diversification.
Most of the job cuts occurred in the Canadian offices, but 160 of the 530 job losses came from U.S. offices. Of those 160 cuts, 45 of them occurred in Houston.
Enbridge spokesman Michael Barnes stated that the cutbacks are not related to the company's recent purchase of Spectra Energy, a deal that may potentially create the largest oil and gas pipeline company in North America.
According to Barnes, the cutbacks follow the company's goal to enhance its competitiveness and allow it to capitalize on opportunities now and in the future.