Calgary – TransAlta to cut 165 jobs in next six months

Power producer TransAlta Corp. (TSX:TA) says it is cutting 165 jobs over the next six months as part of its plan to accelerate growth.

A majority of the cuts will come from its Calgary office.

The Calgary-based company said the move will strengthen the company’s competitive position.

“We extend our gratitude to our departing colleagues for their important contribution to TransAlta and wish them well as they move to the next chapters of their careers,” said Dawn Farrell, president and CEO of TransAlta.

“We expect these changes will improve our competitive position in the Alberta and Canadian power markets.”

The company expects to book a one-time $10 to $15 million after-tax charge in the fourth quarter related to the downsizing…

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TransAlta to cut 165 jobs in next six months …
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http://www.winnipegfreepress.com/business/transalta-to-cut-165-jobs-in-next-six-months-majority-from-calgary-office-176503131.html