SNC-Lavalin changing its name to AtkinsRéalis in effort to shed parts of its past

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MONTREAL — SNC-Lavalin says it is changing its name to AtkinsRéalis in a rebranding move after a tumultuous decade for the engineering giant. In an interview, CEO Ian Edwards said the company wants a makeover following 11 years marked by scandals, trouble with the law and sometimes lacklustre earnings. The new moniker comes as SNC looks to leave behind the Libya corruption scandal that tarnished its reputation and ensnared the highest office of the Canadian government and to shed the costly back

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The governments announced subsidies for Volkswagen and Stellantis-LG Energy Solution this year to entice them to build electric vehicle battery plants in Canada. A report released by the PBO on Tuesday says it will take 20 years for government revenues generated from the production of both plants to equal theWells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday.

 

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