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800 Enbridge Staff Have Take Voluntary Buyouts to Avoid Layoffs

Source: The Canadian Press, pipelinenews.ca, June 18 2020

Some of the options employees have taken include early retirement, severance, educational or personal leaves of absence or part-time work.

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.

The Calgary-based pipeline company announced in May it would defer $1 billion in capital spending this year and reduce costs by $300 million through measures including salary cuts and voluntary staff reductions.

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