SPEA: SNC-Lavalin executives snuck in bonuses before announcing wage reductions, layoffs during COVID-19

SPEA: SNC-Lavalin executives snuck in bonuses before announcing wage reductions, layoffs during COVID-19

MISSISSAUGA, Ontario, April 16, 2020 (GLOBE NEWSWIRE) — SNC-Lavalin in its most recent filing announced that its six top executives would be receiving bonuses valued at $2.6 million while at the same time asking for salary cuts and laying off workers. The company tried to cushion the blow by announcing that senior executives would take a 20% salary reduction themselves but that would not include bonuses, incentives or stock options granted to them under the terms of their contracts.For further information contact:Michelle Duncan
External Relations
416 427 3525
Michelle.Duncan@spea.ca

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