Shutdown looms at Davie shipyard

Article Abstract:

Davie Industries Inc. of Levis, Quebec, is facing potential shutdown due to lack of finances which would threaten job security for over 1,000 employees at the shipyard. The company, which is presently the sole surviving shipyard in the province, has already received plenty of provincial and federal funds in the last 10 years. Davie's owner, Dominion Bridge Corp., needs to secure temporary financing for two weeks, noted Dominion Bridge spokesman Daniel Larouche. Larouche added that this would take the form of down payments on operations and short-term daily operations.

Comment:

Is facing potential shutdown due to lack of finances which would threaten job security for over 1,000 employees at the shipyard

Strategy & planning, Ship Building and Repairing, Shipbuilding & Repair, Article, Davie Industries Inc.

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Charest's true colours? Tory blue

Article Abstract:

Quebec's Premier Jean Charest is toeing the line of Ontario's Tories. Business subsidies have been slashed and a number of social programs are likely to be cut down. Privatization in form of public-private partnership is the in thing in Quebec and labor laws are to become more stringent.

Economic Programs, Administration of Economic Programs, Interpretation and construction, Charest, Jean

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Only the brave gamble with Hydro-Quebec

Article Abstract:

Breakdown of talks between state of Newfoundland in the United States, state of Ontario in Canada and Canadian power generation firm Hydro-Quebec, about joint construction of hydroelectric project on Lower Churchill river in Labrador, is described.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Financial management, Electric services, Alliances, partnerships, Ontario, Newfoundland, Usage, Company investment, Investments, Natural resources, Newfoundland and Labrador, Alliances and partnerships, Hydro-Quebec

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