TransAlta Corp. is slashing 239 jobs mainly from its Calgary office, citing economic and regulatory uncertainty as Alberta seeks to reduce its reliance on coal-fired electricity.
The Calgary-based power generator late on Tuesday said the cuts are in addition to 247 jobs the company eliminated from its Canadian coal and mining business unit earlier this year. It expects the move to generate about $25-million in savings.
Chief financial officer Donald Tremblay said the decision is aimed at managing economic and regulatory uncertainty as the company grapples with a weakening Alberta economy.
Premier Rachel Notley's NDP government has signalled its intention to wean the province off coal-fired electricity as part of a sweeping overhaul of climate-change regulations.
TransAlta has now reduced its headcount by 486 this year, including layoffs, attrition and a hiring freeze, it said in the statement. It expects the restructuring will save a total of about $47-million.