(Corrects paragraph 2 to clarify that the pay-cut range of 10% to 15% is for Enbridge’s directors, CEO and EVPs, and not across the non-union workforce)
June 17 (Reuters) - Enbridge Inc, Canada’s largest pipeline operator, said on Wednesday about 800 employees have chosen to take voluntary buyouts, as the company tries to reduce costs amid dual challenges of COVID-19 and the global oil price shock.
In an email response to Reuters, Enbridge said it is reducing base pay across its non-union workforce, with the board of directors and CEO Al Monaco taking a 15% cut and the company’s executive vice presidents taking a 10% cut.
Reporting by Shradha Singh in Bengaluru; Editing by Maju Samuel
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