Our monthly review of the companies that have hired and laid off labour during the month of October.
1. The fast food giant McDonald's will hire 15,000 people by 2017 to “revolutionize the brand,” thanks to a new table service and a customizable menu. McDonald's will thus have over 100,000 employees in Canada.
2. Devimco Real Estate will work on a commercial project worth $70 million in La Prairie, which will create 850 jobs. The site will open in spring 2016 and will require significant work on Highway 30.
3. The Government of New Brunswick is investing $250,000 in Prelco, a Quebec glass manufacturer. The company will expand operations at its plant in Saint-Jacques and create 20 fulltime positions in manufacturing and administration.
4. OVH.com, the third largest hosting website in the world, will build a new head office in Montreal, thus hiring 140 people. The company must meet the surge in demand in its field.
5. Fabritec, the Bromont-based manufacturer of kitchen cabinets and bathroom furniture, will expand its presence in the US thanks to a $6 million investment. Fabritec will increase its local production and hire over 350 employees from now until February 2016.
1. Canadian retailer The Bay has cut 265 jobs at both its headquarters and in its North American stores as a way to save $75 million. The Bay is moving forward with its plans to open Saks Fifth Avenue and OFF 5TH stores across Canada in 2016.
2. Manulife is cutting a hundred positions in Montreal after the integration of Standard Life into its activities. The restructuring project will last 24 months, raising fears of more job cuts in the future.
3. Affected by the fall in prices of agricultural materials, Monsanto is restructuring and eliminating 2,600 jobs worldwide. The restructuring plans will costs anywhere between 850 and 900 million dollars in severance payments.
4. The US conglomerate 3M is laying off 1,500 employees worldwide as part of a restructuring project to improve competitiveness. The majority of jobs are being cut in the United States and in developing countries.
5. Scotiabank announced it will close some of its regional offices and centralize its services in two mega centres in Toronto. The company will reassign employees affected by the offices that are closing in Vancouver, Calgary, Winnipeg, Ottawa and Halifax.