Thread regarding Enbridge Inc. layoffs

I personally don't believe it is fully funded. Enbridge has massive debt and made lots of dividend promises to keep the institutional investors as shareholders. I have not received any pension statements, or financial statements that tell me it is fully funded, or even what the value is now with all these changes.

Hey @RKEAYkh-3eef. Al addressed the pension today and said it was full funded. Quit spreading your #fakenews. I take my pension seriously.

How did they pay the dividend? With your pension!

In 2014, the DB shortfall was $408MM while almost a billion went out for dividend payments. Just imagine what the number was last year. Or better yet, ask Al at the Town Hall! Hahaha!!!

https://www.policyalternatives.ca/lionsshare is a report produced by CCPA think tank that shows DB pension shortfalls for Canadian TSX 60 companies with DB plans.

All the Canadian kids may want to send a note to their MP to see what is being done to change policy... Or we will all just end up like the Nortel blokes - broke with big mortgages.

Guys it doesn’t matter if the ladder is sideways or in any different direction. Bottom line is our executive management will retire with lots and lots of dollars and their future secured while you might have to force your kid to apply for a student loan. Guess they will exit with load of cash while the next in place with hold all the company’s long term debt to the tune of $60 billion. I wonder how the stockholders were paid when really there is no cash available for it.

Who is this “Listen Clown” guy.. seen him post before and doesn’t know what he’s talking about. The rung of a ladder goes sideways and you put your foot on it. He seems to think the guy meant side rails which would indeed make the ladder shorter if you chipped away.

One day you will bring drinking water to work because it will be not available anymore. Cost cutting measures you know. By then, I can do a side business by selling water at the lobby of each of the buildings in Calgary and Edmonton. Anyone wants to franchise in US? I am just not sure if there will be water available in the washroom LOL

I would expect more cuts.

Listen clown, geometry is not your strong point. Chipping away at the bottom of a ladder makes it shorter, so the fall from the top would be shorter. Try again.

Shall we expect lots and lots of yachts talks? EH&$ will only buy so much marine fuel. Next, we’ll lose the famous ‘lattes, fruit and muffins’ that help make us a top 100 Employer! Chipping away at the bottom rung of a ladder only contributes to a longer fall for those at the top. Feel free to use this for your next ELT Safety Moment.

I am looking forward to hearing about the ELT's million dollar hobbies during the introductions