SNC-Lavalin – To cut 4,000 jobs

SNC-Lavalin Group Inc. is slashing almost 10 per cent of its global workforce and sharply revising downward its 2014 outlook as it exits underperforming businesses and imposes more cost-cutting measures.

Montreal-based SNC said Thursday it will over the next 18 months scale back some activities and restructure and streamline some of its operations and corporate structure, including cutting about 4,000 jobs – or 9 per cent – of the workforce starting next year.

Chosen excerpts by Job Market Monitor. Read the whole story at SNC-Lavalin to cut 4,000 jobs; outlook sharply revised downward – The Globe and Mail.