From Investing.com:

Canada-based Enbridge is reducing its workforce by 650 jobs, or 5%, to cut costs. The company operates North America’s biggest oil pipeline network and employs 12,000 people. It will begin the cuts in February and complete them by March 1. Enbridge stock rose slightly in Toronto on Tuesday. The job cuts are necessary to maintain financial strength and competitiveness, the company said. Enbridge forecasts higher 2024 core earnings and raised its dividend in November. Rival TC Energy cut an undisclosed number of jobs last year, and Enbridge owns and operates pipelines throughout Canada and the United States. The Calgary Herald newspaper first reported the job cuts.



Read more: North American pipeline operator Enbridge to cut 650 jobs By Reuters