TransAlta realigns, reducing headcount by about 165 positions

TransAlta Corporation announced as part of its ongoing strategy to continuously improve operational excellence and accelerate the growth of the company, that it is realigning the talent of the organization. These actions will result in a net reduction of approximately 165 positions over the next six months, the majority of which will be from the Calgary office. This move strengthens TransAlta's competitive position now and in the future. The company expects to incur a one-time after-tax charge in Q4 of $10M-$15M related to the corporate realignment initiatives. TransAlta anticipates annual cost savings of approximately $25M-$30M from these initatives by the end of 2013.

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