Transat to save $10 million a year after layoffs
Oct. 19, 2011, Montreal - Tour operator Transat A.T. expects to save $10 million a year with the elimination of 143 non-union positions in Quebec and across the country, including 115 layoffs.
October 19, 2011 By Carey Fredericks
Transat staff were informed of the layoffs on Tuesday. About 60 per cent of the lost jobs are in Quebec.
The Montreal-based company says the positions included vice-presidents, senior directors, supervisors and administrative personnel.
No flight attendants have been let go.
Half the jobs were at Transat and the other half at its newly reorganized Transat Canada group, which includes Air Transat.
Spokeswoman Debbie Cabana says Transat is working to restore its profitability.
It's also preparing a corporate restructuring that will be announced later this fall.
Several top officials including chief operating officer Nelson Gentiletti have already left Transat as CEO Jean-Marc Eustache takes a more active management role.