Posted Yesterday, 11:34 PM
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Join Date: Feb 2009
Location: Vancouver
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Layoffs coming to Air Transat. Sign of turbulence to come?
Air Transat considering 80-person layoff amid financial turbulence
Montreal
The Canadian Press
Published 1 hour ago
For Subscribers
Transat A.T. Inc. N/A
is preparing to lay off up to 80 workers as the tour operator struggles to turn its finances around, according to a preliminary notice sent to the Quebec government.
Over the course of the year, the company has felt the headwinds of stiff competition, engine recalls and the threat of a union strike, which together conspired to drain more money from the struggling outfit....
...In its first three quarters, Transat reported a combined net loss of $155.3 million versus a loss of $28.5 million in the same period a year earlier.
https://www.theglobeandmail.com/busi...al-turbulence/
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