National

SNC-Lavalin to cut 4,000 jobs, nine per cent of total

Darpan News Desk The Canadian Press, 06 Nov, 2014 10:45 AM

MONTREAL — SNC-Lavalin says it will reduce the company's global workforce by 4,000, or nine per cent of the total, over an 18-month period starting in 2015.

The Montreal-based engineering and construction company (TSX:SNC) says the job cuts are part of its ongoing efforts to get out of underperforming business segments.

About three-quarters of the downsizing will be directed at SNC's activities outside of Canada.

SNC-Lavalin is one of the world's leading engineering and construction group, with offices in more than 50 countries and about 45,000 employees worldwide serving a variety of industries.

The company has been working for several years to overcome the impact of alleged corruption among some of its former senior executives.

Prev Next

MORE National ARTICLES

After Hours at Vancouver Aquarium

Astronauts, Harry Potters, Olympic athletes and superheroes — they were all seen in Stanley Park Wednesday evening for the Vancouver Aquarium’s first ever After Hours adult Halloween-themed event.

After Hours at Vancouver Aquarium

Justin Bourque To Serve 75 Years Before Parole Eligibility For RCMP Killings

MONCTON, N.B. — Justin Bourque was sentenced Friday to serve 75 years in prison before he can apply for parole for the June 4 shooting rampage that killed three RCMP officers and wounded two others in Moncton.

Justin Bourque To Serve 75 Years Before Parole Eligibility For RCMP Killings

No Visas For Ebola Countries: Canada

TORONTO - Canada is following in Australia's footsteps and has suspended, effectively immediately, the issuance of visas to residents of the West African countries battling Ebola.

No Visas For Ebola Countries: Canada

Canadian Seniors Increasingly Struggling With Debt, Bankruptcy

OTTAWA — A report prepared for the federal government says the country's growing cohort of senior citizens is carrying more debt into retirement and increasingly declaring bankruptcy.

Canadian Seniors Increasingly Struggling With Debt, Bankruptcy

'We Continued To Believe Jian,' CBC Says; 'Graphic' Evidence Changed That

TORONTO — The emergence of unspecified "graphic" evidence that its former star radio host Jian Ghomeshi had caused physical injury to a person is what prompted the CBC to fire him, the broadcaster said Friday.

'We Continued To Believe Jian,' CBC Says; 'Graphic' Evidence Changed That

Will Credit Card Deal Help Consumers In Canada?

OTTAWA - An agreement to cut the fees charged to merchants for accepting credit card payments likely won't save consumers money, say Canada's banks and opposition critics.