MONTREAL — SNC-Lavalin says it will reduce the company's global workforce by 4,000, or nine per cent of the total, over an 18-month period starting in 2015.
The Montreal-based engineering and construction company (TSX:SNC) says the job cuts are part of its ongoing efforts to get out of underperforming business segments.
About three-quarters of the downsizing will be directed at SNC's activities outside of Canada.
SNC-Lavalin is one of the world's leading engineering and construction group, with offices in more than 50 countries and about 45,000 employees worldwide serving a variety of industries.
The company has been working for several years to overcome the impact of alleged corruption among some of its former senior executives.
