PIK Posted May 8, 2015 Report Posted May 8, 2015 (edited) I just heard on the radio of a behind the door deal for hydro workers. What little I did hear was a 3% raise , a check next yr and the yr after for 3% of your salary, and free hydro stock over the next 12 yrs. Can we survive another 3yrs of this. No link. Edited May 8, 2015 by PIK Quote Toronto, like a roach motel in the middle of a pretty living room.
Bob Macadoo Posted May 8, 2015 Report Posted May 8, 2015 I just heard on the radio of a behind the door deal for hydro workers. What little I did hear was a 3% raise , a check next yr and the yr after for 3% of your salary, and free hydro stock over the next 12 yrs. Can we survive another 3yrs of this. No link. 3 yr contract....1% per. Hydro stock isn't free. Pension contribution goes up and age of eligibility goes up. But yes when I heard it I thought why do they get first dibs on the stock.....that's a crock. Then I thought its brilliant by the gov't. It's a private buy....so you canxt just put them on the market for profit and any cost cutting will be done by a board with "full support" of its dividend maximizing shareholder. It's diabolical. Quote
Topaz Posted May 8, 2015 Report Posted May 8, 2015 Ontario gov't has part of Hydro up for sale, which I think are the transmission lines....can a foreign company buy it, anyone know? I've heard one MAY be thinking seriously of it. Quote
PIK Posted May 9, 2015 Author Report Posted May 9, 2015 But don't the employees with the free stock going to make a killing if it goes private. Quote Toronto, like a roach motel in the middle of a pretty living room.
Bob Macadoo Posted May 9, 2015 Report Posted May 9, 2015 But don't the employees with the free stock going to make a killing if it goes private. It won't go private.....that's when Wynne loses. Quote
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