I logged in to LinkedIn this morning and scrolled through profiles within My Network and was completely floored to see that several senior people who were movers & shakers and VP material at Pembina have resigned within the last 8 months on their own accord. My first reaction was that if these senior people (who were always loyal to the company) moved on, there has to be some very serious cracks in Pembinas foundation.. or perhaps they see the writing is on the wall for Canadian Energy. Those that still work for the company who I keep in touch with describe morale at its lowest and there are "a lot of people just want to be let go". Some solace to people who were laid off one year ago can know that the PPL ship never received any new coats of paint and has many new leaks.
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Several of my colleagues are riding it out to get a package. A guy who was let go a year ago is softly recruiting people from the company. If I was to be let go it wouldn't be the worst thing. Onwards.
Your description is correct. The morale is very low. Many leaders have resigned since last year, they had more opportunity to see the real situation. I guess the worst is yet to come.
Internally is the same story, Management asking for cost savings in the projects even though this means lowering the quality. They are focused on paying the dividends to the shareholders making them believe that financially speaking Pembina is in a good position, but is not. Financial statements are in red.
Phase 7 projects with reduce scope are being executed slowly. No much hope to be honest.