Thread regarding Enbridge Inc. layoffs

I was laid off and yet....

The stock price is still hovering around the $30/share toilet-bowl, dividend increase hasn't been announced. I was told that layoffs were key to fixing this company, and the stock price is even lower than when I was laid off.

Of course, anyone who knows how stock markets work know the reality: the market already has the cost-savings from layoffs built in to the price. Meaning, the $30 price is inclusive of the layoff cost savings, and the sale of assets, and they're still not impressed. It can only go...down?? from here.

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| 2231 views | | 11 replies (last May 7, 2018) | Reply
Post ID: @OP+SX5ZYQA

11 replies (most recent on top)

I was laid off several months ago and I can honestly tell you that it was the best thing that could have happened to me. I took a few months break, got a new better job that pays more and I enjoy going into work again. All the while I continue to getting paid by Enbridge.

Have faith in your abilities and embarrass a severance. You will much better off.

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Post ID: @6drs+SX5ZYQA

If they announce cuts to the dividend, and they might, the share price will drop further.

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Post ID: @2ytm+SX5ZYQA

Another act of desperation by management is forcing employees to have their RSP contributions invested in enbridge stock.

this make me wonder about our pension, is it safe or half of it gone with the stock disaster.

They want to take us down with them.

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Post ID: @2gzu+SX5ZYQA

Dump your shares now, the sooner the better.

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Post ID: @1iqg+SX5ZYQA

I was laid off and am waiting for the right time to dump my remaining shares. With prices near five year lows, there may not be a good time anytime soon.

And I echo the sentiment expressed earlier... I thought laying off thousands was supposed to be beneficial to the share price? This company must be a disaster to see the share price drop despite the layoffs.

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Post ID: @1hkw+SX5ZYQA

SX5ZYQA-atj: let the person vent, maybe the person still hold enbridge stocks but can’t sell because the price is low. You don’t have to throw insults to people who were laid off because you will never feel what they felt if you were never laid off. It is either you are someone who is narcissistic that you can’t feel empathy for other people or you are just plain arrogant. Or maybe you were just promoted for kissing your boss a-- or you are a contractor who can still get away with charging 60 to 70 hours a week with a lot of those hours are just pretend work.

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Post ID: @1cnh+SX5ZYQA

Laying off a few of us peons is just a cover to make it look like they are in control of costs. They would have to can every surf in the US just to offset the Millions lost on Sandpiper.

Oh and if every lady at enbridge who had a late night meeting while on a road trip was shamed into leaving, well there wouldn't be too many ladies left. So let's leave it be

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Post ID: @1ajz+SX5ZYQA

Unfortunately this is the standard in a lot of the corporate world. I could write a book about what went on at Spectra, affairs, wasted millions etc. etc. Those that made the big decisions ( that looked like bad decisions from the get go to the rank-and-file ) seem to survive and thrive. Sort of like Nazi death camps, “I was only following orders “

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Post ID: @1zjp+SX5ZYQA

It’s now clear why you’re no longer at Enbridge.

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Post ID: @1tkx+SX5ZYQA

Do to the fact, all the behind smoochers and total dumbells that made multiple mistakes that cost the Company Millions to Billions, get to stay and climb the ladder. Those rejects cost alot of good folks there job!!!! Hard not to spread bitter butter when guys like Steer/d ( pervert) D wayne Kisabunch of hinder. Hortoooon blows his own horn! And all the a wads in twin cities promotion center! Oh lets not forget—-Lead attorney banging the drum of special council feminist brought in to screw Michigan and everyone else at Marshal ( largest oil release in US history ) fiasco! Along with anyone else that wanted to bang her tambourine. Fools ended up on 60 mins for trying to screw pubic into signing a release document. US regulator (softers) investigate and calls them Keystone Kops of oil industry!! Blow a Cash Cow money making machine!!! And your dumb enough to ask Why so Bitter! Guessing you will soon be promoted— a new form of moron in E screws world! Say by to line 5. And good lick placing line 3.

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Post ID: @kvb+SX5ZYQA

Cool, but why are you still bitter? Move on with your life and stop worrying about what happens with Enbridge.

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Post ID: @atj+SX5ZYQA

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