Hydro-Quebec, Canadas largest power utility, will eliminate hundreds of positions this year as the province looks to trim $2.7 billion in spending, QMI Agency has learned. 
The Crown corporation had already announced a series of buyouts but QMI has learned that the early retirements wont be enough to meet job-cutting targets.
The Montreal-based utility was ordered to cut spending by at least $65 million this year. At least $50 million of that amount will come from efficiency measures and the other $15 million from a hiring freeze.
Most retiring full-time employees wont be replaced this year, sources told QMI.
The corporation had 20,252 employees as of Dec. 31.
Chosen excerpts by Job Market Monitor. Read the whole story at Sun News : Hydro-Quebec to cut hundreds of jobs.
Job Market Monitor 
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