SNC Cuts Another 950 Jobs in 2015

Mario Beauregard-Montreal Québec Canada

CBJ — SNC-Lavalin cut 950 jobs around the world, including 600 in Canada, in the last two months of 2015.

The Montreal-based engineering and construction firm says all of the employees affected have been notified, with most having already left.

The company says the downsizing in Canada mainly involves employees in Ontario and Alberta, followed by Quebec, and follows the elimination of 4,000 positions in 2014.

The latest cuts are part of a larger restructuring announced last November by CEO Neil Bruce to adapt to a weaker economy.

SNC-Lavalin expects to save $100 million per year from a series of efforts, including work force reduction.

The job losses touch several areas of operation including the weak oil and gas sector in Western Canada.

The company has nearly 40,000 employees around the world, including almost 12,000 in Canada.

@CanBizJournal

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