Thread regarding Enbridge Inc. layoffs

They quietly got rid of the salary structure guide for each region

yes ....
you sweeten the offer or wait for the grim reaper
you have alot of diehards walking the halls
your others "methods " are ineffective or come with possible liabilities

@xb Voluntary vs layoffs, it's more than semantics. It's monetarily different, or at least it was. Significantly. voluntary exit conditions were sweetened. The layoff packages will never be as good.

There won't be another VWO.

@t5 So why leave. If it was so much better you should have stayed at these 'previous companies'

@xb guaranteed Enbridge will decide all layoffs going forward. We will never see a VWO again.

Layoff or VWO
is one & the same....
it is semantics.....

the slight difference-
layoff- E decides
VWO-employee decides

@t5 lots of chatter about being unhappy but don’t see anyone leaving. So company not worried. And things carry on.

Will never see another VWO. Just layoffs when the company wants to save money and pump up the stock, which by the way is the highest it has been. The company does not care about employees (especially when no one actually leaves). Only the shareholder.

@rs yes, 1.2 su-ks! At previous companies the multiplied was 2.0 plus the target percentage was also way higher to start with.

@rs thank you so much for finally putting numbers to it!! Actually, I randomly made up 1.4 because no one posted the multiplier even when I asked. I was laid off and curious because I get a payout so the best way to find out if my payout is fair for the stip portion since noone answered my direct question was to just post something incorrect. We all get the same stip now unless at director level & above.

1."STIP payout of 1.4x target. It was only 1.56 last year."
Record profits means...the pie is much bigger...so the stip should have been HIGHER not lower-

1. it indicates a lack of appreciation of employees
   3.plus "hiring hundreds for projects"- current employees are qualified to do projects?
   PLUS- is that why the stip was lower..in order to hire hundreds for "projects'?
2. VWO possibly in 5 yrs?- 5 years -so employees will have forgotten this year's stip & not mass exit-...is that the plan?
   5 VWO is not a negative option- it does not indicates financial difficulties-lots of employees are long term employees so a VWO
   would be considered a reward for their services

Saying record profits feels deceptive. Company continues to grow. Asset base grows. Which would make you think profits should also increase. Rumblings were LP got their multiple bumped up. In the end the multiple doesn’t make that big of difference on the math.

This company does a pretty good job at sandbagging the targets.

Believe it or not a lot of us didn’t get a 1.4 multiplier. Some of us were in the 1.2s.

I don’t get why everyone is so upset about the STIP payout of 1.4x target. It was only 1.56 last year.

We are hiring hundreds of people in projects this year, so obviously no need to do a VWO this year… maybe in 5 years though!

Employees are grateful for the stip-
The issue is as follows …
Record profits
Stip is less than.previous years when there were not record profits

Compare your “lousy” STIP to some of your family and friends incentive checks. Now try being grateful because my guess is you did F all to earn yours.

"Company will never do a VWO again because they don’t need too."

interesting attitude....assuming you can predict the future...

Maybe in stead of just labeling employees as constant complainers- dismissing them
Pause…for a moment… consider why are there so
Many on this site voicing their opinions at elt’ actions/decisions…..

So tired of constant complainers. Don’t like it???? Then just quit and try your best to find anything better. Landscape has changed. It’s now an Employers market. So good luck.

Company will never do a VWO again because they don’t need too.