Fool me once, shame on you. Fool me twice… well, you know how it goes. SNC-Lavalin Group Inc. (TSX: SNC) hit investors on the head with a shovel again on November 6 when it announced plans to slash 4,000 jobs, or about 9% of its staff.
SNC-Lavalin Group Inc. (TSX:SNC) is a great company with a (formerly) bad reputation. It was surrounded by scandal - its previous management having been charged with fraud, bribery, and rigging of tenders.
Investors cheered another senior management overhaul at SNC-Lavalin Group Inc., even as analysts warned some of the executive departures point to continued turmoil at the embattled construction and engineering firm.