Company has felt the headwinds of stiff competition, engine recalls and the threat of a union strike
Transat A.T. Inc. is preparing to lay off up to 80 workers, according to a preliminary notice sent to the Quebec government.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.
Quebec labour rules require some companies to submit potential layoff figures for provincially regulated jobs, even if the cuts never come to pass. Transat spokesman Andréan Gagné says notification of the potential layoffs marks a “precautionary measure” in order to comply with provincial rules.
Notice Transat Finances Trz-T Company Competition Threat Transat Transat A.T. Inc. Andréan Gagné
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Government intervention in Air Canada talks a threat to competition: Transat CEODemands for government intervention in Air Canada labour talks could negatively affect airline competition in Canada, the CEO of travel company Transat AT Inc. said.
Read more »
Government intervention in Air Canada talks a threat to competition: Transat CEODemands for government intervention in Air Canada labour talks could negatively affect airline competition in Canada, the CEO of travel company Transat AT Inc. said.
Read more »
CPP Investments and Blackstone buying data centre company Air TrunkTORONTO — The Canada Pension Plan Investment Board has signed an agreement to acquire a stake in Asia Pacific data centre company AirTrunk.
Read more »
Transat AT reports $39.9M Q3 loss compared with $57.3M profit a year earlierMONTREAL — Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower. The parent company of Air Transat said Thursday it lost $39.9 million or $1.
Read more »
Transat AT reports $39.9M Q3 loss compared with $57.3M profit a year earlierMONTREAL — Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower.
Read more »
Transat AT reports $39.9-million quarterly loss compared with $57.3-million profit a year earlierRevenue in what was the company’s third quarter totalled $736.2-million, down from $746.3-million in the same quarter last year
Read more »