Thread regarding TransCanada Corp. layoffs

Erosion of benefits

My increase was just under 5%…. But what I find interesting is all of the employee benefits that have been slowly eroded over the last two years. First it was the elimination of 6 flex days and now it’s the elimination of medical benefits for those that retire after January 1, 2025. With all of the employee cuts and the “Do less with less” mo--nic mantra this place is becoming a sweat shop where employees are expendable…. Curious if the overpaid execs are getting their perks trimmed? The SS TC is sinking!!!

OP @9vyr+1ltDRj38

I would like to find a better job as soon as possible. Wasn't the erosion of benefits here more than enormous?

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| 2461 views | | 4 replies (last April 17, 2023) | Reply
Post ID: @OP+1lGBW9xX

4 replies (most recent on top)

“I don’t know too much about this stuff, is the pension fund sustainable?”

No pension in the world is sustainable. It’s a Ponzi scheme that only works as long as there are more workers then retired and economy grows perpetually. None are realistic

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Post ID: @vnog+1lGBW9xX

I don’t know too much about this stuff, is the pension fund sustainable?

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Post ID: @jhfk+1lGBW9xX

There are high-level discussions around restructuring IC / RSU benefits as well to treat both as an incentive vs. an expectation. Yet another erosion of total compensation...

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Post ID: @5grt+1lGBW9xX

Yeah, the company match is not quite what it was in prior years for the amount of bonuses that were allocated to 401k plans. Subtle change that led to company saving so.e money by not matching above 6%.

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Post ID: @1bfb+1lGBW9xX

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