Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

WSP Global cuts 450 Canadian jobs this year, including 250 in third quarter

MONTREAL - WSP Global has laid off 450 Canadian employees since the beginning of the year, including nearly 250 in the third quarter.

The Montreal-based engineering company (TSX:WSP) has been cutting staff in response to the persistent economic weakness in western oil producing provinces and delays in the awarding of federal infrastructure contracts.

The reduction in the third quarter — about half of which affect its operations in Western Canada — represent about three per cent of its 8,100 Canadian workforce.

Most of the departures follow the end of summer contracts, said WSP vice-president Isabelle Adjahi.

After purchasing seven Canadian companies in the past two years, she said WSP is now taking the time to integrate the firms in its global operations.

She said the company hopes to hire staff once Ottawa speeds up infrastructure spending.

The company is also planning to cut costs across the country by consolidating offices, which Adjahi said shouldn't result in additional layoffs.

During the quarter, WSP Global's overall revenues grew 3.3 per cent to $1.52 billion, including $238.8 million in Canada.

Net earnings attributable to shareholders grew 25.6 per cent to $63.3 million, or 63 cents per share.

Excluding one-time items, adjusted profits were $77.2 million or 77 cents per share. That compared with $74 million or 81 cents per share a year earlier.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

2016 Westman Readers' Choice
2016 Year in Review
Canvas for a Cause 2016
The First World War at 100
Why Not Minot?

Social Media

Canadian Mortgage Rates