- Oct 27, 2017
I just want to say I in no way care or defend SNC, it has no bearing on my life. But..fucking lol at the Quebec media falling in line to defend their shit corporate baby, spreading FUD about lost jobs. No jobs are going to be lost here. There will be plenty of jobs for SNC Lavalin engineers at other engineering companies that didn't bribe 3rd world dictators.
To say that the engineers can just "find another job" is disingenuous at best. This matter is more nuanced than people think. When Nortel went belly up those engineers weren't absorbed into the economy overnight. And when GM layed off all those Oshawa workers, there were no signs that any other auto firms snatching them up. Those jobs are gone and it's likely permanent. And that's not to mention a decades worth of legal battles when pension liabilities come into play.
And it's not just Quebec that has a dog in this race. SNC employs over 3000 people in Ontario (and other spread around the country). Isn't it funny how Doug Ford has stayed mum on this? He hates trudeau, but has chosen not to attack him on this file.
Does SNC deserve to get punished? Yes. But do the employees (current and former) have an escape hatch? Most likely no. The fallout of SNC declaring bankrupt and laying off its employees would a Nortel level atom bomb that nobody would want to live through.