Colonial Pipeline plans workforce reductions

Colonial Pipeline Company, which operates a fuel transportation network in the US, has informed staff that it intends to reduce some roles following an internal review, reported Reuters, citing a company statement and two sources with knowledge of the matter.

The company did not disclose the number of positions that will be impacted.

In a response to the media outlet’s enquiries, Colonial Pipeline Company said: “We shared with our employees this week that a recent review to ensure our organisation is best aligned to continue safely meeting our business strategy and priorities will result in changes to various team structures and some individual roles.”

According to the company, the adjustments would not affect its operations.

Colonial Pipeline Company said: “The changes do not affect our commitment to providing safe, reliable and responsible fuel transportation services for more than 50 million Americans daily.”

This move comes after Brookfield Infrastructure Partners announced the acquisition of Colonial earlier this year in a deal worth around $9bn.

Colonial Enterprises is reputed to have the largest refined products system in the US, covering around 5,500 miles (8,851km) from Texas to New York.

It transports more than 2.5 million barrels per day (mbbl/d) of fuel from the US Gulf Coast to consumption centres along the East Coast.

Prior owners of Colonial Pipeline Company include Shell, KKR, Canada-based Caisse de dépôt et placement du Québec, US company Koch Industries’ investment arm and IFM Investors.

This year, Colonial has undertaken measures to increase the volume of fuel transported across its network.

These improvements involve a mix of operational enhancements and adjustments to the placement and delivery methods of products within its system. However, the latter changes have sparked protests from its shipping partners.

“Colonial Pipeline plans workforce reductions” was originally created and published by Offshore Technology, a GlobalData owned brand.

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