Laidlaw axes ambulance jobs

Article Abstract:

Laidlaw Inc of Burlington, Ontario, will lay off 2,200 employees in its ambulance division, or 10% of its workforce, to cut costs. The company will take a $50-million charges in its 3rd qtr ended May 31, 1999, to pay for the job cuts. Laidlaw will also write off $255 million of goodwill to reflect the lower values of its ambulance division. The poor performance of the division resulted in Laidlaw's lower profit in the 2nd qtr ended Feb 28, 1999 to $17.9 million from $69.1 million in the same period in 1998.

Labor force information, Ambulance Services, Laidlaw Inc.

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Firms quietly boosting executive pensions: Enhancements seen as pay raises

Article Abstract:

Pension plan adjustments could be a low-profile way to enhance compensation for executives, as compensation costs must be disclosed annually for top executives in a company's shareholder proxy circular. David Beatty, managing director of the Canadian Coalition for Good Governance that represents major institutional shareholders felt that this was the new stealth weapon for inflating executive compensation.

Forecasts, trends, outlooks, Commodity & service prices, Management Compensation, Management Pensions, Prices and rates, Forecasts and trends, Market trend/market analysis, Pensions, Executives, Executive compensation, Company pricing policy

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