Thread regarding Enbridge Inc. layoffs

Layoffs are pushing more to quit this company
I’m out already days after made it through Layoffs day.
Had my fill of Enbridge job security roller coaster.

Good points from the poster stating the company is just a shell of what it was. For me it started years ago with some really bad leadership choices in senior positions. These poor leaders ki-led the culture of the company. The most frustrating part of it is we had so many good people to choose from and they picked some of the worst.

“The piece you are missing is that Canadian Enbridge employees get stock on a one for one purchase program. So half of it I didn’t need to pay for.l

Ah you mean the employee savings plan with company stock as an investment option? It’s good but it’s not a lot, if vested you can sell it and put your money on index. Take advantage of it and dispose it to get your money the chance to grow even more.

All Managers gets 1,000 shares a year as part of their compensation, even more for higher ups. Peanuts for staff.

Without question, the company is just a shell of what it was. There may be good pockets but overall it's been on a downhill slide for 10 years now. If you're invested through years of service you may decide to hang on but for anyone younger and possessing a decent skill set Enbridge is no longer a preferred employer in my opinion. Find an employer that values its employees. As for Enbridge moving forward, it is likely to be more of the same. The present culture would take years to change and given the lack of growth in the industry, the first thing leadership will turn to is continued cost-cutting. Barring a stunning change of leadership philosophy the company many of us knew is gone.

The piece you are missing is that Canadian Enbridge employees get stock on a one for one purchase program. So half of it I didn’t need to pay for

“If you assume those numbers are correct
to within 20%, are any decisions you make going to be rendered mistaken if it turns out to be 25%?”

Decisions of who? Management decisions to churn employees/contractors like disposable rags? OR employees/contractors decision not to be loyal to this company? So much for being a company of choice coz yeah you can build a long term employment here. Ask staff if they think the same, I bet majority of them have major trust issues.

“Yes the dividends are great. Averaged $12,000 a year for last 10 years. Even with a flat stock price.”

At 7.76% dividend yield, for $12,000 a year dividend you have to invest around $150k.

Then you put yourself in an unnecessary risk of losing the money if Enbridge goes bankrupt (which is probably a really worst case scenario). If your portfolio is around $1.5M to $3M it’s plausible coz this is like 5%-10% of your portfolio only.

But one can argue that if you did invest in US index you’ll average 13% per year and don’t have to worry about one company. Besides if the whole index is down, everyone will have way more troubles than one company.

Now you’re missing out on like 5% per year bcoz you stick to one dividend company? That’s like 50% more of your money.

Yes the dividends are great. Averaged $12,000 a year for last 10 years. Even with a flat stock price.

This company is only for short term gig.

All I know is I have enjoyed all the Dividends in the last 9 years. Thats all the matters to me . Keep up the good work !! I am sure there is alot more Dead wood there to get rid of !

Rather than asking people to do legwork confirming your numbers, maybe consider whether or not it matters if the numbers are inaccurate. They are either what you stated, or somewhat higher. If you assume those numbers are correct
to within 20%, are any decisions you make going to be rendered mistaken if it turns out to be 25%?