The Imperial Strathcona refinery near Edmonton in 2021. The Calgary-based oil company said it expects to save $150-million per year through a restructuring of its workforce.

Imperial Oil Ltd. IMO-T will cut its workforce by 20 per cent by the end of 2027, the company said Monday, partly by consolidating activities across its operations.

The Calgary-based oil company said it expects to save $150-million each year as a result of the restructuring. While its corporate guidance remains unchanged, Imperial said the changes would help it increase production and lower operating costs.

Imperial said it would use a “rigorous transition process” in the restructuring, which it expects to cost roughly $330-million before tax in the third quarter of 2025.

“Leveraging the rapidly advancing technol

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