Suncor Energy will cut 10% to 15% of its workforce over next 18 months
Cuts are to be made across the entire organization; will also affect Suncor’s contracted workers.
A second COVID-19 wave? Here are 6 lessons from the first
The spread of COVID-19 can be reduced with simple actions
Martinrea loses $146.9M in Q2 on 51% drop in sales due to COVID-19
The autoparts manufacturer says it expects a strong third quarter as automakers replenish low vehicle inventories
Canadians are afraid to return to workplace, yet trust employers to keep them safe: KPMG
82% trust their employer to take and maintain all the necessary health and safety precautions
Bombardier Q2 net loss widens while revenues plunge due to COVID-19
Revenues for the three months ended June 30 plunged 37% to $2.7 billion from $4.3 billion a year ago
Tim Hortons sales fall by one third as RBI feels the pain of pandemic
The parent of Tim Hortons and Burger King says net income fell to US$163 million in the quarter ended June 30
Customer experience outsourcers launch self-service options to improve business outcomes
Outsourcers integrate advanced analytics, artificial intelligence, and machine learning to improve the customer journey and agent experience
Oilfield services rival makes alternative plan to restructure Calfrac debt
Wilks Brothers, LLC, says its offer would significantly lower Calfrac’s debt level and give a better recovery to stakeholders
SNC-Lavalin to restructure resources business to be profitable next year
The turn away from resources will reduce that segment’s operations to nine countries from 30
More corporate meetings to go virtual after success during pandemic
Experts say the success of AGMs taken virtual this year will likely translate into more options for online and teleconference participation at future events
Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership
Total said it is leaving CAPP because of a “misalignment” between its public positions and those expressed in Total’s climate ambition statement
Enbridge Q2 earnings slip as revenues plunge 40% due to COVID aftermath
Enbridge was expected to report 55 cents per share in adjusted profits on $12.5 billion in revenues
Plant closings send GM to 2Q loss, but signs of improvement
The Detroit automaker closed its plants on March 18 and they remained idle for two months due to the coronavirus
Tesla makes US$104M profit in 2Q despite factory shutdown
Picked a site for its second US assembly plant, although the location wasn’t released.
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.
