Published: August 28th 2009
Source: Bill Brehl President TCRC MWED
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In another example of the division constantly
being perpetuated within the so-called CP "family", CP President and
CEO, Fred Green sent out the following message yesterday;
Share Purchase Program (ESPP) Reinstatement
When I announced the suspension of the Company match earlier
this year, I anticipated it being a temporary measure. Although it
was a tough call to make at the time, the suspension gave us a
financial boost in a year where costs were crucial.
I am now pleased to announce that effective January 1, 2010, the
company match for the ESPP will be re-instated for non-unionized
employees in Canada and the U.S. I realize the recession has
affected everybody in the Company and I know that Working Notice and
layoffs have created uncertainty and difficulty for families of both
unionized and non-unionized employees. At this point in time
however, I felt it was important to direct this gesture at the only
group of employees in the company who have experienced both a $0
bonus payout and an ongoing salary freeze.
When the Company enters a recovery stage and we see our volumes come
back up, we need to ensure more than ever that employee efforts are
aligned with improving company performance. As I have said in the
past, we have the opportunity to emerge from this downturn stronger
than before. Now is the time for execution excellence on our refined
balance sheet, cost structure, and yield, sales, and marketing
Let's keep up the good work.
Fred J. Green
President and CEO
As you can see, regardless of all the propaganda requesting that we
all pull together, it is obvious that the company policies are still
slanted towards management and will not be applied consistently. No
matter what justification you use, it is easy to see what is really
going on. The way I see it, if they do not treat all employees fairly
and consistenetly, then you run the risk of morale continuing to slide,
along with the safety stats and revenue.
Sad, simply sad.
Stay safe, stay strong, stay united,