I have worked for Enbridge for over 20 years and I have to admit that I am now very anxious about our leadership and the decisions being made to benefits. We are all paying the price as employees for a failed promise of the talked up synergies that aren't materializing following the merger. You can blame some MBa inhuman propeller head in Calgary for that decision.
For those that haven't done the math, the financial impact of the decision to change the pension system cannot be understated on employees. Inflation will continue to march on, but your pension will be fixed. I've run my numbers and the impact has killed my allegiance to the Company. If you are midway in your career, you must understand this change. There is a reason why it has been said that compound interest, like inflation, is the eighth wonder of the world.
There are a great deal of talented people remaining, but the employees being treated as expendable financial punching bags must stop. We were a great company, then a good company but we are just clinging to that label now.
Let's see the ELT equally share in the austerity measures, if they genuinely want to confirm they are serious about all hands on the financial deck. Perhaps then employees would begin to trust the leadership again.
Bumped from PS4FqW4-2qqv, completely correct.