Thread regarding Enbridge Inc. layoffs

What is the magic number?

Do you think we will have too many people apply for early retirement or not enough? What is the number of people they want to retire?

by
| 3207 views | | 8 replies (last )
Post ID: @OP+14TMMfOW

8 replies (most recent on top)

Yes that is how a publicly traded business works. Sorry but you work for one.

Do you own stocks? If you do then you should understand why. It may s—, but that is how the financial world works and how retirements are funded

by
|
Post ID: @2jmg+14TMMfOW

The magic number is what ever Uncle Al can hit to make his stock price jump.
That is all we are to him and the company. Drive Profits, contract out, assume no liability

by
|
Post ID: @2aik+14TMMfOW

There won’t be enough volunteers. But they will reject some because they’ll only let those go who’s positions are deemed not necessary. If you apply and are approved, they will not backfill your role. Your department then faces shortages. If they replace you, not only will it do no good, but the company could face lawsuits. And it’s very expensive for the company to fill roles. They’ll only let people go who are in a position that is deemed unnecessary or can be absorbed by others.

by
|
Post ID: @1cxn+14TMMfOW

You need to be at 60 not to get a reduced pension. If you “volunteer”, you loose all your negotiation power because there is no turning back. Regardless, always hire a lawyer. The volunteer numbers will be disappointingly low and HR is already 2 steps ahead into plan B.

by
|
Post ID: @1ufv+14TMMfOW

If they want a lot of people to leave why are they making it a lottey for voluntary retirement if they get too many volunteers. Just let them retire- they can replace them with much cheaper employees and they get rid of the people with the bad morale. Why does it always have to be a game?

by
|
Post ID: @uwa+14TMMfOW

If I was over 53 with enough service I'd jump all over this.....but I don't so....

by
|
Post ID: @vcr+14TMMfOW

Not only volunteer retirement but also volunteer departure and from what I've heard there's going to be a lot of folks included in the voluntary departure option.

Any other time I would suspect lots of people would take it. Now? Doubtful. Problem is staying onboard when your leader has put your name forward as being disposable.

by
|
Post ID: @xvt+14TMMfOW

Post a reply

: