RE:RE:RE:I think I’ve seen this play before CDPQ did let go Bombardier Rail to Alstom and Bombardier CS Series to Airbus. The commitment was to maintain the jobs. What is left of Bombardier is a shadow of what it was.
Besides the CDPQ hold 19.9% of the shares and will trade its position in shares of the acquiring firm.
Dessau (1,400 employees) was sold to Stantec.
BPR (1,600 employees) was sold to Tetratech.
SNC has about 3,400 employees in Quebec but this number will drop once the REM is completed.
This said I also agree we will be over 40$ soon but we need a strategic plan to get to 1B EBIT. The world is changing, SNC needs to drive this change and translate it into PROFITS. Stop the losses and the non sense we have been hearing for the last 2 years and start by increasing dividends and buying back shares instead of higher pay.