SNC-Lavalin slashes another 950 positions amid restructuring, including 600 in Canada

MONTREAL — SNC-Lavalin is eliminating 950 jobs all over the world, including 600 in Canada.

The Montreal-based engineering and construction firm says all the employees affected happen to be notified, with most having already left.

The company says the downsizing in Canada mainly involves employees in Ontario and Alberta, followed by Quebec, and follows the removal of 4,000 positions in 2014.

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The latest cuts are part of a larger restructuring announced last November by CEO Neil Bruce to adapt to a weaker economy.

SNC-Lavalin expects in order to save $100 million each year from a series of efforts, including workforce reduction.

The job losses touch several areas of operation including the weak gas and oil sector in Western Canada.

The company has nearly 40,000 employees all over the world, including almost 12,000 in Canada.

The Canadian Press