A review of hirings and dismissals in Canada - Summer 2024 | Jobs.ca
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A review of hirings and dismissals in Canada – Summer 2024

There was a lot of bad news announcing layoffs this summer!

 
OpenText Corporation announced that it will lay off nearly 1,200 employees, representing approximately 8% of its global workforce.

The move is part of an optimization plan to reduce costs and streamline operations following the acquisition of Micro Focus. The company is seeking to improve efficiency while integrating the activities of Micro Focus, acquired for $6 billion. The staff reductions will primarily affect administrative functions and overlapping roles between the two companies. 

Unionized Telus employees denounce “disguised dismissals” after the company announced changes affecting more than 300 workers across Quebec.

Telus offers voluntary departure agreements, but the unions believe that these offers hide forced layoffs, mainly targeting employees close to retirement. The company justifies these decisions by digital transformation and reduction in demand for certain services. Unions are calling for a review of management practices to protect workers and maintain employment.
 

Lion Électrique, a Quebec manufacturer of electric vehicles, is going through a difficult period with significant financial losses and layoffs.

The company announced a 20% reduction in its workforce (around 300 people) to streamline its operations and refocus on more profitable market segments. The move comes as Lion faces challenges in production and demand for its products. Investors are concerned about the company’s long-term viability, despite its efforts to cut costs and adjust its strategy.

 

CAE, a Quebec company specializing in simulation and training, is experiencing financial difficulties and announces new cuts to its workforce.

This decision adds to a series of cost-cutting measures already in place. CAE justifies these cuts by the need to adapt to a difficult economic context and maintain its competitiveness. The company is seeking to streamline its operations to face market challenges, but these moves have employees and investors worried about the company’s future.
 

The company PPD Solutions de Mousse announced the layoff of 79 employees in its factory located on rue Janelle in Drummondville.

This decision, motivated by economic reasons, was confirmed in a notice of collective dismissal published in August by the Ministry of Employment and Social Solidarity. The notice, dated July 16, indicates that the layoffs will be made official on September 13. PPD Solutions de Mousse, headquartered in Waterville, near Sherbrooke, declined to comment, citing confidentiality reasons.
 

On the good news side, less than a year after its opening, Eaton is expanding its Global Innovation Center in Brossard, adding 9,000 square feet and 50 specialized jobs, totaling 200 positions.

This center focuses on the development of distributed energy resources (DER) technologies, crucial for the energy transition. Eaton is also building a new experience center for digital technology training, aimed at accelerating the adoption of DER solutions. The company has invested $1.3 billion in R&D since 2020, with a goal of $3 billion by 2030.

 

Perhaps it is time to consider a career in aerospace and take advantage of the measures put in place by the Quebec government! 

The Quebec aerospace industry is facing a labor shortage, with 40,000 positions to be filled by 2034. Needs are mainly concentrated in engineering, manufacturing, maintenance, and IT systems management. . This demand is driven by the rise of green technologies and digitalization. The challenge is to attract and train a qualified workforce in a context of increased global competition. Companies will need to adapt their recruitment practices and invest in continuing training to meet these needs. Collaboration with educational institutions is crucial.
The government is therefore banking on accelerated training to allow students to work while studying, and is injecting 3.1 million to support the measure.

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