Imperial Oil Ltd. plans to trim its workforce by about 20% by the end of 2027 as the global crude market faces a potential supply glut.
Imperial will “consolidate activities to its operating sites” and enhance its operational focus, the producer said in statement Bloomberg Terminal on Monday. As a result, the company expects to record a one-time restructuring charge of approximately C$330 million ($237 million) before-tax in the third quarter of 2025.
[SRC] https://www.bloomberg.com/news/articles/2025-09-29/imperial-oil-to-cut-20-of-its-workforce-as-crude-prices-drop
