PG & E cancels $ 130 million performance bonuses



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Pacific Gas & Electric, a Northern California company, says it will not pay $ 130 million in bonuses to employees because of its recent bankruptcy filing.

The San Francisco Chronicle reported Saturday that Acting Director General John Simon on Friday raised the deadly fires and precarious financial state of California in an internal email sent to workers Friday. He stated that the company's senior management and board of directors supported this decision.

John Mader, president of the union representing 3,700 engineers and scientists opposed to the decision, said it was unfair to punish workers who had nothing to do with the finances of the company and were not responsible for the fires.

Consumer Watchdog President Jamie Court supported the decision but should have been announced earlier.

Last month, PG & E filed for bankruptcy, claiming a $ 30 billion liability.

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Information from: San Francisco Chronicle, http://www.sfgate.com

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