Transalta Corp. (TAC) Plans Further Headcount Reduction

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Go back to Transalta Corp. (TAC) Plans Further Headcount Reduction

TransAlta Announces $47 million in Cost Savings Through Position Eliminations, Efficiency and Productivity Initiatives

September 29, 2015 5:59 PM EDT

CALGARY, ALBERTA -- (Marketwired) -- 09/29/15 -- TransAlta Corporation ("TransAlta") (TSX: TA)(NYSE: TAC) today announced further staff reductions as it continues to focus on improving its competitive position and meeting the needs of its customers in a dynamic economic environment.

Earlier this year TransAlta improved productivity at its Canadian coal and mining business unit by reducing the headcount by 247 employees and optimizing mine operations, changes which are expected to reduce costs by approximately $22 million.

TransAlta today further reduced its overhead costs by eliminating 239 positions,... More