Comparative assessments and other editorial opinions are those of U.S. News "As a result of these actions, we won't need to pursue company-wide layoffs at this time," a company spokesperson said. The company didn’t … A recent plunge in global crude prices due to a pandemic-driven drop in demand and excess supply has battered Canada, the world's fourth-largest crude producer. On your next visit, you'll find a … Enbridge’s success is built on a diverse and respectful workplace, which we believe should be welcoming and inclusive for everyone. “It is deeply unfortunate, but we had to right-size the organization to align with expected future activity levels,” Hassler said in an interview. May 13, 2020. CALGARY – North America’s largest pipeline company, Enbridge Inc., is cutting non-union salaries and offering employees early retirement and severance packages in an effort to cut costs. Get ready for the ultimate sticker shock, Sask.

Enbridge has undergone a significant portfolio shift over the past few years. Retail investors are flocking to Tesla. On your next visit, you'll find a shortcut to this page in the main menu. Investors are more interested in investing in the pharmaceutical industry in 2020. Analysts love these stocks if Democrats sweep the election. CALGARY -- Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices. An $8.8 billion acquisition of Dunkin’ Brands is also capturing market attention. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more.

Oil prices settled lower on Wednesday on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as U.S. crude stocks grew again, taking commercial inventories to another all-time high. Enbridge said in an email Wednesday that roughly 800 employees – or about seven per cent of the company’s workforce — have accepted voluntary early retirement packages, severance, educational or personal leaves of absence or part-time work. Across the border, American oil and gas companies are also looking to cut their head counts amid a severe price decline. Emotional times require a behavioral touch when helping clients make financial decisions. Save time by adding this page to your list of favorites. The Calgary … Return to this page later. This page has been added to your list of favorites. entities, such as banks, credit card issuers or travel companies. The company is reducing chief executive officer Al Monaco’s salary by 15 per cent, directors’ pay by 15 per cent and executive vice-presidents’ salaries by 10 per cent. Enbridge said in an email Wednesday that roughly 800 employees – or about seven per cent of the company’s workforce — have accepted voluntary early retirement packages, severance, educational or personal leaves of absence or part-time work. Company disclosures show Monaco’s compensation in 2019 totalled $14.7 million including the value of equity compensation. Income investors face a challenging market with record-low yields.

Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices. Enbridge is reducing base pay across its non-union workforce, with the board of directors and CEO Al Monaco taking a 15% cut and the company's executive vice presidents taking a 10% cut. Last month, Enbridge said it has deferred C$1 billion ($737.57 million) in capital spending and cut costs by C$300 million, including salary cuts and retirements.

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