More Trouble for SNC-Lavalin - Marketwire

700 members of Society of Professional Engineers forced out on strike Monday morning. Picket lines to be set up at nuclear sites across Ontario, including Chalk River, Quebec and New Brunswick

TORONTO, ONTARIO--(Marketwire - July 8, 2012) - The Canadian nuclear industry's future is threatened, as a full strike involving engineers, scientists and technologists will almost certainly guarantee the loss of technical talent. "Our senior engineers, who have years of experience and expertise are choosing to leave Candu Energy," said Peter White President of the Society of Professional Engineers and Associates (SPEA). "This will have dire consequences for Canada's nuclear industry."

The design and full service capabilities in Candu Energy could erode rapidly, and key knowledge and skills will be scattered. This cannot be good news for major CANDU supplied utilities like Ontario Power Generation (OPG), Bruce Power and Point Lepreau, which continue to rely on CANDUs to supply electricity for the foreseeable future.

Read more: July 8, 2012 - Press Release - More Trouble for SNC Lavalin

Global News

680 News

Candu Energy Inc.'s nuclear employees could strike Monday morning

TORONTO - The union representing nuclear scientists, engineers and technologists at Candu Energy Inc. says some 700 workers will likely go on strike Monday morning unless a resolution is reached overnight.

The Society of Professional Engineers and Associates says negotiations with the company, which is a subsidiary of SNC-Lavalin (TSX:SNC), have failed to find a compromise and a deal is unlikely before employees are in a legal strike position as of 7 a.m. Monday.

The union says key sticking points are seniority and compensation.

Read more: July 8, 2012 - Global News and 680 News - Candu Energy Inc.'s nuclear employees could strike...
SPEA Logo

Contribution of Candu Energy Inc. to SNC-Lavalin's Revenue Growth

Today, SPEA members are picketing at the Toronto Exchange Tower to communicate directly with the shareholders of SNC-Lavalin. We have many things in common with shareholders. We are both upset by mismanagement of the corporation. Shareholders have lost the value of their investment as demonstrated by a drop in the stock price from close to $55 last year to $37.46 as of yesterday. The continued success of Candu Energy Inc.’s and SNC-Lavalin's business is important to SPEA as it is important to the shareholders.

The SNC-Lavalin financial report for the first six months of 2012 was published last week. We analyzed their results and published it in a detailed flyer posted on www.SPEA.ca. They have published the revenue and operating income for every segment of their business for 2012 and compared them to a similar period in 2011. Interesting observations for the 2012 calendar year include:

Read more: August 9, 2012 - Strike Flyer - Contribution of Candu Energy Inc to SNC-Lavalin's Revenue Growth

http://ca.reuters.com/article/domesticNews/idCABRE8670M820120708

SNC-Lavalin nuclear engineers may strike on Monday

By Scott DiSavino

(Reuters) - The union representing nuclear engineers at Canadian engineering and construction firm SNC-Lavalin Group Inc said on Sunday the workers could go on strike Monday unless the sides settle a contract dispute.

If the workers go on strike, the union said it could delay several ongoing nuclear projects in Canada and elsewhere around the world.

The union already had 144 members on strike and another 700 could go walk off the job Monday morning unless the sides can agree on a contract, Michael Ivanco, a senior scientist and vice president of the Society of Professional Engineers and Associates (SPEA), told Reuters.

Read more: July 8, 2012 - Reuters Canada - SNC-Lavalin nuclear engineers may strike on Monday

Click "Read More" to access August 8, 2012 strike flyer titled "Signs, Signs, Everywhere a Sign!":

Read more: August 8, 2012 - Strike Flyer - Signs, Signs, Everywhere a Sign!

This morning, SPEA gave the employer, Candu Energy Inc, a legal notice of a total strike, covering all members in the SE and the TT bargaining unit at all sites, effective Monday July 9 2012 at 6:30AM.

The SPEA executive will be bargaining all day today and will also be available to meet during all week-end.

More details to follow.

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