Tuesday Ticker: Boyd Group announces Q2 2024 cash dividends; Rivian makes further layoffs
Toronto, Ontario — In this weekly Tuesday Ticker, Winnipeg, Man.-based Boyd Group Services announces its Q2 2024 cash dividends, payable at the end of July. Plus, Rivian makes another round of layoffs in the face of Q1 2024 losses. Quarterly dividends Boyd Group Services has announced its cash dividend for Q2 2024. The network will […]
Lay Off Me! I’m Retiring Here! : Stellantis to offer retirement buyouts to mitigate potential layoff numbers
Toronto, Ontario — You take the good with the bad in this world—for Stellantis workers, the bad comes with the company’s announcement of potential layoffs, however, to mitigate these layoffs, comes some good. Stellantis is offering retirement packages to employees, in the attempt to reduce the total number of job cuts implemented. The initial Tuesday announcement […]
Can’t Riv’ it Down: EV manufacturer Rivian layoffs hundreds of workers
Toronto, Ontario — In spite of last week’s announcement that production and deliveries would be increasing, Rivian has revealed plans to cut five percent of their workforce. According to Bloomberg News, this layoff equates to hundreds of jobs across Rivian’s 10,000-strong global workforce. This decision comes after Rivian increased staffing through certain sectors related to non-manufacturing […]
Left Behind: More than 30 Ontario trades inspectors to be laid off for new Skilled Trades Ontario model
Toronto, Ontario — Does the line, “I give you my word: not one single person will be laid off when I become Premier,” ring any bells to any Ontarians? Because the province’s skilled trades inspectors are reeling after the Ford government issued layoff notices to more than 30 Ontario College of Trades (OCOT) employees. “We […]
