Imperial Oil Ltd. announced plans on Monday to lay off 20 per cent of the company’s employees by the end of 2027.

Imperial Oil had about 5,100 employees as of the end of 2024, according to a regulatory filing, but so far there’s no word on exactly how many people will lose their jobs or how the company’s Canadian operations will be affected.

Imperial owns and operates the Kearl oil sands mine north of Fort McMurray and Cold Lake oil sands operation in northern Alberta, as well as a 25 per cent stake in the Syncrude Canada oil sands joint venture project.

In a news release that was long on corporate speak and short on specifics, the company said the restructuring plans are “consistent with Imperial’s strategy to maximize value, using technology and leveraging the company’s relationship

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