Update:
Five SNC-Lavalin employees in Sudbury have lost their jobs as a result of mass layoffs the company announced across Canada.
The engineering firm announced Thursday it was cutting 405 jobs across Canada, including 186 jobs in Montréal, 195 in Ontario and 24 in Saskatoon.
The company has said 70 per cent of those jobs were related to the mining sector.
With the five job cuts in Sudbury, 50 SNC-Lavalin employees remain in the city, but the Sudbury office will close its doors.
Those remaining employees will work directly on site with their mining sector customers.
The company has blamed weakness in the mining sector and the need to boost profit margins for the job cuts.
Earlier in 2016 SNC-Lavalin cut 950 jobs around the world, including 600 in Canada.
Original story:
Engineering giant SNC-Lavalin is closing its Sudbury office as it cuts 405 jobs across the country, blaming weakness in the mining sector and efforts to boost profits.
Although it's closing its office in the Nickel City, SNC-Lavalin says its employees are now going to be working directly with customers at their operations.
Canadian Press is reporting that Louis-Antoine Paquin, a spokesperson for the engineering giant, has said the company is cutting 186 jobs in Montréal, 195 in Ontario and 24 in Saskatoon.
Nearly three-quarters of the cuts are coming from the mining and metallurgy division.
The company is blaming weakness in the mining sector and the need to boost profit margins for the job cuts, the second time SNC-Lavalin has cut jobs in 2016. Earlier this year, it cut 950 jobs around the world, 600 of them in Canada.
Based in Montréal, SNC-Lavalin aims to increase its adjusted margin to seven per cent this year.
SNC-Lavalin’s Sudbury office was established in 2013 as a centre of excellence in underground mining.
