SNC-Lavalin Got Harpers Corporate Tax Cut - Made Huge Profits - Will Now Axe 4000 Jobs!
Another huge corporate welfare bum is going to cut thousands of jobs after lining their bank rolls with Stephen Harper's huge corporate tax cut. Profits of $195.6 million were earned by SNC-Lavalin for the first nine months of 2014,
"Montreal engineering conglomerate SNC-Lavalin says it will cut 4,000 jobs over the next 18 months in an attempt to streamline operations and save $100 million.
"SNC-Lavalin plans to scale back certain underperforming activities and adjust, consolidate and streamline some of its operations and corporate structure to improve efficiency, effectiveness and competitive positioning," the company said in a statement.
Part of that will be the loss of about 4,000 jobs, which represents about nine per cent of the company's total workforce."