Highlights / layoffs

Economy

COVID-19: Economic outlook for Canada, provinces, and people

A new study from the non-profit and non-partisan think tank, The Conference Board of Canada, suggests a slow economic recovery from the effects of the pandemic The new analysis suggests that recovery will take a little longer than previous estimates »

Economy

Operator of Canada’s biggest airport announces job reductions due to COVID-19

The operator of the Toronto Pearson International Airport, Canada’s largest airport, announced on Tuesday that it is reducing 27 per cent of its workforce due to a significant decrease in global air traffic because of COVID-19, according to a press »

Society

VIA Rail temporarily lays off about 1,000 workers amid pandemic 

Canada’s national passenger railway service VIA Rail is temporarily laying off about 1,000 union workers due to the impact COVID-19 has had on the travel industry, the company announced in a press release Wednesday. The layoffs will take effect on »

Economy, Society

Bombardier announces 2,500 layoffs in response to COVID-19 pandemic

Bombardier Aviation announced that they are going to lay off about 2,500 workers due to the challenges amid the COVID-19 pandemic, according to a press release from the company on Friday.  The company said that the business jet sales are »

Economy, International, Society

Boeing’s financial woes touch down in Canada

Boeing’s vast financial difficulties have now made their way to Canada. On Friday afternoon, the company told employees at its Winnipeg plant it was cutting 400 jobs — a quarter of its 1,600-person workforce.  “Due to the impact of the »

Arts & Entertainment, Economy, Health, Politics, Society

Canadians feel economic pain from COVID-19 will get worse

A new survey by the non-profit Angus Reid Institute shows Canadians are increasingly concerned about the economic health along with concerns about physical health connected to COVID-19 The survey showed over a quarter of respondents (27%) said they were barely »

Arts & Entertainment, Economy, Health, Politics, Society

COVID-19: Cash crunch for business, cities, provinces, even federal government

Across Canada the effects of the pandemic are widening. Restaurants are allowed to stay open as an essential food service but only if they provide take-away or delivery and no in-store seating, but that is not saving all of them. »

Economy, Health

COVID-19 job losses: Potentially millions in Canada, millions more worldwide

As businesses are ordered closed, and companies lay off workers, the unemployed rate is soaring. Last week claims for federal “employement insurance” (EI) jumped to 500,000. Employment insurance in Canada provides temporary payments for a specific length of time for »

Society

Air Transat lays off flight crews amid COVID-19 travel shutdown

Canada’s largest leisure travel company, Transat A.T., announced “with great sadness” Monday morning that it is temporarily laying off about 70 per cent of its workforce, including “all flight personnel.” The final Air Transat flight prior to the full suspension »

Economy

Canadian cheese company Saputo closing two facilities

Saputo Inc, the Canadian dairy and cheese company, announced that it is closing down two facilities in order to increase “operational efficiency.”  The facility in Trenton, Ontario will be closing in Sept. 2020, and the one in Saint John, New »