Cookies policy

In order to provide you with the best online experience this website uses cookies.
By using our website, you agree to our use of cookies. Learn more.

Monday,  November 11, 2024   10:32 PM
Transat gearing up for layoffs amid financial struggles: report
(supplied)

According to a report from the Canadian Press today (Oct. 3), Transat A.T. Inc. is gearing up for potential layoffs that could affect up to 80 workers.

This news comes as the tour operator struggles to turn its finances around, according to a preliminary notice sent to the Quebec government.

Throughout the year, Transat has faced several challenges, including stiff competition, engine recalls, and the threat of a union strike. These factors have collectively put additional strain on the company's already fragile financial position.

Compliance with Quebec labour laws

Under Quebec labour laws, companies are required to submit layoff projections for provincially regulated jobs, even if the layoffs never materialize.

In a notice to the province's employment department, Transat says the layoffs could be effective by November 1. However, these cuts would not impact federally regulated employees, such as pilots or flight attendants.

A "precautionary measure"

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 is a developing story.


Don't miss a single travel story: subscribe to PAX today!  Click here to follow PAX on Facebook.

Indicator...