News

  • MISSISSAUGA, Ontario, May 05, 2020 (GLOBE NEWSWIRE) -- Today, the Society of Professional Engineers and Associates (SPEA) alerted major shareholders of cuts by SNC-Lavalin leadership to its Canadian nuclear subsidiary, Candu Energy.  “SNC-Lavalin needs to make use of available federal support programs, like workshare, to avert or mitigate layoffs,” said Denise Coombs, Staff Representative for SPEA.


  • MISSISSAUGA, 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.