Staff of two financial institutions received bad news for employment this month. While financial support from governments continue to help create jobs.
1 – Cisco has recently signed an agreement with the Ontario government which predicts the creation of 1,700 jobs over the next six years. The high-tech company will mainly hire in Ottawa.
2 – Nordia, a Bell subsidiary, has announced its intention to open a customer service center in Saguenay. In this manner, 450 jobs will be created in the coming months. http://www.radio-canada.ca/regions/saguenay-lac/2013/11/29/004-nordia-centre-appel-emplois.shtml
3 – Samsung is opening a research and development center in Vancouver. Sixty technology jobs should therefore be created. http://www.vancouversun.com/technology/personal-tech/Samsung+opens+centre+Vancouver+creating+tech/9225665/story.html
4 – The Quebec government announces a $ 6.5 million fund which will give CAD Railway Industries the necessary support to create 273 new jobs. New employees will therefore benefit from its expanded and modernized Lachine facilities.
5 – Thanks to financial assistance from Quebec, Aliments O’Sole Mio will create 104 jobs in Abitibi-Témiscamingue.
1 – Restructuring measures at the Laurentian Bank caused it do downsize, with 150 people being affected. In total, 5 per cent of its positions have disappeared over the past year.
2 – Yet another financial institution, the Bank of Montreal, has eliminated the equivalent of 1,000 jobs in its fourth quarter.
3 – Sears’ drop continues. SHS Management Services Inc., one of its independent providers of products and services, is in receivership and its 640 workers thereby find themselves unemployed.
4- Another 200 jobs will be eliminated at Sun Media across Canada. The Quebecor Media subsidiary continues its reorganization in order to better cope with the media crisis. http://www.radio-canada.ca/nouvelles/Economie/2013/12/04/006-sun-media-journaux-canada.shtml
5 – It’s the end of an era for the Shawinigan smelter. The Rio Tinto Alcan plant closed down all its production for good on Nov 29, 2013.
6 – On a smaller scale, Sleeman is ceasing its operations at its brewery in Dartmouth, Nova-Scotia, thus eliminating 15 jobs at once. The brewery had become too small for the company’s activities.