MONTREAL (AP) — Canadian engineering and construction giant SNC-Lavalin says it will reduce the company’s global workforce by 4,000, or 9 percent of its total.
The Montreal-based engineering and construction company said Thursday 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. The layoffs will occur over 18 months starting in 2015.
SNC-Lavalin is one of the world’s leading engineering and construction groups, 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.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
