Monday, 13 August 2012

Latest from SPEA on Candu strike

Latest from SPEA on Candu strike: Striking Candu Energy Engineers and Scientists to Picket Bay Street: ..."The Society of Professional Engineers and Associates (SPEA) is holding an information picket this morning in front of the Toronto Stock Exchange (TSX) to draw attention to SNC-Lavalin's disregard for employees and shareholders.
Financial experts agree that SNC-Lavalin is facing a "perfect storm": Financial scandal, labour disputes and the search for a CEO, all attributable to a corporate culture that needs fixing from top to bottom, said White. "We agree and they can start by settling our labour dispute so we can return to work to deliver the best nuclear technology and return value for shareholders."
"It is shocking how SNC-Lavalin has conducted itself since they acquired Candu Energy from the Federal Government," said Peter White, President of SPEA. "Candu Energy has been one of the few bright spots for SNC-Lavalin, which has been struggling with poor performance, leadership issues and assorted allegations of financial wrongdoing."
According to White, "Candu Energy has a bright future but current management doesn't appreciate the opportunities and refuses to deal with employees in a fair manner. This is resulting in staff leaving and creating lost opportunities. "Since the federal government announced the sale of the commercial division of Atomic Energy of Canada Limited (AECL) to SNC-Lavalin in June of 2011, scientific and technical staff has been reduced by approximately 25%. "For a technology company that relies heavily on the skills of its workers this should concern shareholders,' said White."

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