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Imperial Oil to Cut 20% Workforce Amid Restructuring

9/30/2025

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Summary

Story summary

Imperial Oil Limited, based in Calgary, Canada, will cut its workforce by 20% by the end of 2027 as part of a restructuring.
The plan consolidates operations and relocates most remaining roles to the Strathcona refinery near Edmonton by late 2028.
A one-time charge of about C$330 million (US$237 million) will be recorded in Q3 2025, tied to the restructuring amid slumping crude prices.

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Story summary

Imperial Oil Limited, based in Calgary, Canada, will cut its workforce by 20% by the end of 2027 as part of a restructuring.
The plan consolidates operations and relocates most remaining roles to the Strathcona refinery near Edmonton by late 2028.
A one-time charge of about C$330 million (US$237 million) will be recorded in Q3 2025, tied to the restructuring amid slumping crude prices.