A review of the companies that have hired and laid off employees in October, 2016.
1. A new investment of $3 million into Olymel in Beauce: the pig producer will add a pork butt deboning table at its establishment in Valley Junction, creating 160 new jobs.
2. A new shopping complex will be built in Rimouski. The project's first phase, called "Odacité", will create between 60 and 80 new jobs.
3. Lepage Millwork, a manufacturer of windows and doors in Rivière-du-Loup, has the wind in its sails. On the eve of its 70th anniversary, the company is investing $5 million to expand its facilities and increase production, hiring 150 new employees to do so.
4. Having made a decision to diversify its activities a while ago, information giant Thomson Reuters plans to create 400 new jobs in Toronto to explore the emerging sector of cognitive information.
5. Often synonymous with job loss, the online retail business is giving some good news to workers: the new Amazon Canada distribution center in Brampton will create 700 new jobs.
1. The banking sector continues its restructuring. This time, it is the Laurentian Bank which is abolishing 300 positions to reflect new “transactional patterns” in customers, who are increasingly turning to digital platforms.
2. Massive cuts will take place at Bombardier over the next two years, despite recent government aid. In the end, 2000 more Canadian workers will be looking for jobs.
3. Pharmascience, the manufacturer of generic drugs, laid off 90 employees at its Montreal headquarters. The reason: an industry slowdown coupled with a desire to remain competitive.
4. In a market where the uranium industry is going through an offer surplus, Cameco has decided to close its Rabbit Lake uranium mine in Saskatchewan. Result: 500 jobs have been affected.
5. The closure of the Calgary Safeway store, announced for December, has over 100 workers questioning their employment on the eve of Christmas.