Dennis Fong

Manav Gupta

Menno Hulshof

Greg Pardy

Patrick O'Rourke

Douglas George Blyth Leggate

Neil Mehta

Adam Alexander Wijaya

- Imperial Oil plans to reduce its workforce by approximately **20%**, which could result in around **1,000 job losses** from its 5,100 employees as of late 2024, by the end of **2027**.  **[49938_ffcbc51f0d7745e3bc4642c2a81167fc]** 
- This restructuring is expected to achieve annual cost savings of **C$150 million** starting in **2028**.  **[49938_ffcbc51f0d7745e3bc4642c2a81167fc]** 
- A one-time pre-tax restructuring charge of about **C$330 million** is anticipated in the **third quarter of 2025**.  **[49938_ffcbc51f0d7745e3bc4642c2a81167fc]**

IMPERIAL OIL (IMO)