restructuring
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Ontario, Bedrock sign MOU to aid with US Steel Canada restructuring
Aim is to protect jobs, pensions and ongoing operations at the Hamilton and Lake Erie facilities.
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Maple Leaf Foods cutting more than 400 jobs
Cuts come as the company nears the end of a massive restructuring plan.
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BlackBerry cuts jobs, shifts employees as part of turnaround plan
Smartphone maker has not disclosed how many employees have been affected.
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Microsoft to cut 7,800 jobs amid phone business restructuring
Company will write down its entire$7.3 billion purchase of Nokia in Q4, take restructuring charge of up to $850 million.
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Chevron Canada Resources slashing 130 jobs
Cuts amount to about 20% of the company’s workforce of more than 600 full-time employees.
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Siemens to axe 7,800 jobs in cost cutting drive
Machinery maker says cuts will save $1.14 billion this year.
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Rolls Royce to slash 2,600 jobs in cost cutting restructuring
Aerospace engine maker’s CEO says cuts “will not be the last.”
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Cisco laying off 6,000 workers in restructuring
Job cuts will affect workers in operations around the world.
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Bombardier Aerospace chief Guy Hachey retiring amid restructuring
Transportation giant’s aerospace division is laying of 1,800 employees.
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Unionized workers at London, Ont. Kellogg’s plant approve severance package
Union says employees should be getting more from the company.
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US Steel reports $122M loss in 4Q
Weighed down by restructuring with closing of Hamilton facilities and other costs.
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China orders production cuts in 19 industries
Aim is to redirect the economy despite slowing growth.
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Cascades to close Toronto napkin plant
30 employees affected, production moving to NY and Laval.
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Creditors approve Catalyst restructuring plan
Previous plan failed to win support from lenders, unionized workers.
