Canadian Investment Review

The largest job losses in Canadian history

Written by Staff with files from Advisor.ca on Wednesday, January 28th, 2015 at 8:35 pm

job lossThe Canadian job market is smarting after Target and Tim Hortons announced they’re laying off staff, but the country’s workers have weathered worse, reports Canadian Business.

When Atlantic cod stocks collapsed and the Canadian government halted cod fishing off the coast of Newfoundland in 1992, more than 38,000 people were laid off, reports CB. That’s more than double the 17,600 people Target said it would be letting go over the next five months.

And, Air Canada cut 13,000 employees across Canada in 2000 and 2001, says CB. The airline blamed high fuel prices and lower levels of travel after Sept. 11.

Other major employers, including Bell, Eatons, Bombardier and GM, have all laid off thousands of people over the years.

Read the full list here.


Copyright 2017. Canadian Investment Review. All Rights Reserved.