Operations
Hundreds of Quebec aerospace workers to be laid off
Airbus is waiting for “clear visibility” while Pratt & Whitney is resounding to pressure on the order book.
Boeing to cut 10% of workforce as Q1 revenue, profit slide
Aerospace manufacturer will be accomplished through attrition, paying people to leave and layoffs.
BevCanna doubles Vancouver manufacturing facility
Expecting standard processing licence as it prepares to initiate full-scale production.
Penny Wise to lead 3M Canada as president
Wise has held a variety of senior leadership roles at 3M; in business, commercialization, brand and corporate marketing
Samuel acquires 100% of additive maker Burloak Technologies
Metals and industrial products manufacturer acquired its Burloak minority stake in 2017.
SNC-Lavalin announces Jeff Bell as new chief financial officer
Bell is a former group chief financial officer for British energy services firm Centrica
Tesla stock is soaring. Madness or visionary investing?
Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year
Cott signs deal to sell S&D Coffee and Tea to Westrock Coffee
Part of the Mississauga beverage maker’s plan to focus on its water business.
Amazon is big … really, really big; U.S. workforce hits 500K
Amazon’s growth comes with increased scrutiny, as some U.S. presidential candidates want to break it up
Quebec billionaire Lawrence Stroll acquires stake in Aston Martin
Under an agreement announced Jan. 31, the group led by Stroll will inject $316 million to acquire a 16.7% stake in the automaker
Industry group forecasts $2B rise in oil and gas spending this year
After spending declines in four of the past five years, about 6% more will be invested in the Canadian upstream sector this year compared with 2019
Superior Plus to keep specialty chemicals business after strategic review
The company also announced that it was restarting its dividend reinvestment program
In grinding manufacturing slump, 3M cuts another 1,500 jobs
The latest round equates to about 1.5% of 3M’s global workforce.
SNC-Lavalin recruits ex-Bombardier exec to lead transformation
Veronneau, who led negotiations to sell Bombardier’s majority stake in the C Series to Airbus, will handle the firm’s strategic transformation.
Selling aviation makes sense for Bombardier, says industry analyst
Its railway operations are a steadier generator of cash flows, but the sale of aviation could face political opposition because it is a major Canadian employer
