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Enbridge steers clear of massive layoffs during pandemic

Last Updated Jun 17, 2020 at 4:28 pm MDT

Enbridge - THE CANADIAN PRESS/Jeff McIntosh

CALGARY (660 NEWS) — Calgary-based Enbridge says it will be able to avoid company-wide layoffs for now, as hundreds take part in a buyout program.

In a statement, the company says around 800 employees have voluntarily retired early, taken leaves of absence or agreed to go part time.

The company is also reducing base pay for its non-union workforce, starting at the top with 15 per cent cuts for the board of directors and CEO.

Enbridge reported a near $1.5 billion dollar loss in the first quarter as it deals with the duel challenge of the COVID-19 pandemic and the global oil price shock.