MONTREAL, March 28, 2017 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce its wholly-owned subsidiary Candu Energy Inc., has recently reached five-year collective agreements with the Society of Professional Engineers & Associates (SPEA). SPEA's two bargaining units represent engineers, scientists, technicians and technologists.
These agreements, ratified by SPEA members on March 23, 2017 provide long-term stability for Candu Energy's workforce.
"With an order book that includes life extension projects for Ontario Power Generation, Bruce Power and Nucleoeléctrica Argentina Sociedad Anónima (NA-SA), we are pleased to reach this mutually agreeable contract," said Preston Swafford, President & CEO, Candu Energy Inc. "It sets the stage for us to continue to grow our share of the nuclear market in Canada and abroad."
China is looking closely at CANDU technology for its ability to reuse spent fuel from other reactor types, and NA-SA is considering building a new CANDU unit. Discussions are also underway with utilities in Romania and the United Kingdom.
These agreements are some of the longest SPEA has ratified with their employer
About Candu Energy Inc
Candu Energy is a wholly-owned subsidiary of SNC-Lavalin Inc. (TSX: SNC). It is part of the Nuclear business unit, which oversees new-build nuclear power plants, major refurbishments, and life extensions, and offers specialized services in safety analysis, environmental qualification, metrology/spatial analysis, geotechnical investigations, decommissioning and waste management services. SNC-Lavalin is the steward of CANDU nuclear technology.
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide engineering, procurement, construction, completions and commissioning services together with a range of sustaining capital services to clients in four industry sectors: oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information: Media: Louis-Antoine Paquin, Manager, Media Relations, 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, [email protected]