SNC-Lavalin axes another 405 jobs amid mining sector weakness

DEC 8, 2016 — The company will eliminate 186 positions in Montreal, 195 in Ontario and 24 in Saskatoon, says spokesman Louis-Antoine Paquin. About 70 per cent of the positions are in the mining and metallurgy division. SNC-Lavalin's office in Sudbury, Ont., will close, although employees will work directly with customers at their operations. SNC-Lavalin (SNC.TO 2.18%) has a goal of increasing its adjusted margin to seven per cent next year, up from 4.3 per cent in the first nine months of 2016. Earlier this year, the Montreal-based company cut 950 jobs around the world, including 600 in Canada. That followed the elimination of 4,000 positions in 2014. Does SNC Lavalin do workshare in India? Yes, they do. "SNC-Lavalin has provided sustaining capital services to ExxonMobil’s refinery in Baytown since the 1960s. The company currently has about 350 employees working at the Baytown site, providing front-end engineering and design, detailed engineering, procurement, construction management and technical support services. The refinery has a crude capacity of 573,000 barrels per day, making it the largest refinery in the United States. “Our team is directly integrated into the ExxonMobil building here at the refinery, and they have a base of engineers who we work with on a day-to-day basis,” said Stephen Long, Manager, Mechanical Engineering, Workshare India-Baytown, Oil & Gas, Baytown. “There is a level of trust and experience that goes both ways, and we learn from each other. We are very involved in providing engineering and design support to the client’s engineers. It is a true partnership.” http://spectrum.snclavalin.com/en/files/pdf/outstanding_client_relationships/SNC_5482_Spectrum_Vol23_No2_2014_EN_WEB.pdf