CALGARY, Alberta, March 22 (Reuters) - Canada's Enbridge Inc ENB.TO said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp (F:SEP) SE.N of Houston.
The takeover, the most significant energy deal since oil and natural gas prices crashed in mid-2014, had highlighted how pipeline companies were under pressure to merge as they grappled with overcapacity and sliding tariffs that had slowed dividend growth and unnerved investors.