Air Transat considering 80-person layoff amid financial turbulence
Transat A.T. Inc. 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.
Over the course of the year, the company has felt the headwinds of stiff competition, engine recalls and the threat of a union strike, which together conspired to drain more money from the struggling outfit.
Quebec labour rules require some companies to submit potential layoff figures for provincially regulated jobs, even if the cuts never come to pass.
In a notice to the province's employment department, Transat says the layoffs could be effective by Nov. 1, specifying in an email that they would not apply to pilots, flight attendants or other federally regulated roles.
Transat spokesman Andrean Gagne says notification of the potential layoffs marks a "precautionary measure" in order to comply with provincial rules.
In its first three quarters, Transat reported a combined net loss of $155.3 million versus a loss of $28.5 million in the same period a year earlier.
This report by The Canadian Press was first published on Oct. 2, 2024.
(TSX:TRZ)
CTVNews.ca Top Stories
The Canadian border is an 'extreme vulnerability,' says Trump's pick; Miller predicts 'tough' talks
Immigration Minister Marc Miller says he agrees with the incoming American border czar that there will be 'tough conversations' ahead.
What makes walking so great for your health and what else you need to do
Medical experts agree that walking is an easy way to improve physical and mental health, bolster fitness and prevent disease. While it’s not the only sort of exercise people should do, it’s a great first step toward a healthy life.
Dave Coulier, 'Full House' star, has cancer
Dave Coulier, an actor and comedian who found fame as Uncle Joey on "Full House," has revealed he has been diagnosed with stage 3 non-Hodgkin lymphoma, a blood cancer.
Donald Trump picks Florida Rep. Matt Gaetz to serve as attorney general
President-elect Donald Trump on Wednesday said he will nominate Republican Rep. Matt Gaetz of Florida to serve as his attorney general, putting a loyalist in the role of the nation's top prosecutor.
This Canadian airline will adopt Apple's new AirTag feature to help recover lost baggage. Here's how
Apple announced that a new feature, 'Share Item Location,' will help users locate and recover misplaced items by sharing an AirTag location with third parties including airlines.
BREAKING Republicans will retain House majority, CNN projects, completing GOP’s dominance of Washington
Republicans have secured their monopoly on power in Donald Trump’s new Washington, retaining their majority in the House of Representatives, CNN projected Wednesday, after picking up seats in California and Arizona and ushering in a dramatic new era of right-wing populist rule.
Overwhelmed families surrendering custody of their children to CAS
Overwhelmed families in Ontario are having to surrender their children to the Children's Aid Society, and according to the society, the residential crisis is part of the problem.
Testing confirms B.C. teen infected with Canada's first human case of avian flu
Federal health officials have confirmed that a B.C. teen who is currently in hospital has Canada's first human case of H5N1 avian flu.
Guns and drugs seized from organized crime group linked to Mexican cartel, RCMP say
Members of the RCMP’s federal police say they have arrested three men in B.C. for their alleged role in a “transnational organized crime group” connected to Mexican drug cartels plotting to import cocaine into Canada.