Enbridge Energy Partners layoffs, on the record
Every job cut, severance charge and restructuring Enbridge Energy Partners reported in its annual reports, 2015 to 2017, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company reduced its costs through a workforce reduction, which raised severance costs in 2014 compared with 2013.
Word for word“In addition, in December of 2014, the company took actions to reduce its costs through a workforce reduction, which increased severance costs by $4.8 million for the year ended December 31, 2014, as compared to the year ended December 31, 2013.” 10-K for 2015
Our summaryThe company's executive Harper received a severance payment when he left the company, paid under his executive employment agreement.
Word for word“For Mr. Harper, the "Other Benefits" amount includes a severance payment of $2,693,127 that was paid upon his departure on April 1, 2017.” 10-K for 2017
Enbridge Energy Partners has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Enbridge Energy Partners’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.