Nicolas Van Praet, Christine Dobby, Corporate law reporter, The Globe and Mail
SNC chief executive Ian Edwards, seen here on June 28, 2019, asked employees to agree to reduce their pay by either 10 per cent or 20 per cent, depending on job classification.
Ryan Remiorz/The Canadian Press
Canadian engineering giant SNC-Lavalin Group Inc. is asking all its employees to take a pay cut for the next three months, a tactic that a growing list of companies is using but that legal experts say comes with some risks and complications.
In an internal memo to employees dated March 26, SNC chief executive Ian Edwards said that as business slows because of the coronavirus pandemic, it is critical for the future of the company that it immediately implements stringent measures to cut costs.
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