LONDON, Ont.—After nearly 90 years in London, Ont., Kellogg Co. will shut the doors of its cereal plant by the end of next year—cutting more than 500 full-time jobs.
Employees were told of the plans during a staff meeting Tuesday, about a month after the company announced a restructuring plan that would have laid off 110 workers by January.
MONTREAL—Air Canada is switching its narrowbody fleet to Boeing, announcing yesterday that it will purchase 61 of the U.S. manufacturer’s newest narrowbody aircraft over the next decade in a deal with a face value of about $6.5 billion (U.S.)
OTTAWA—The demise of door-to-door mail delivery in Canada’s urban centres loomed large over a dormant Parliament Hill yesterday as critics denounced the timing of a bombshell decision that Conservatives defended as a necessary evil.
NEW YORK — Exxon Mobil says the drive for higher living standards around the world will keep demand for electricity and transportation fuels growing even as economies get more efficient and governments put a price on pollution.
CANBERRA, Australia — General Motors Co. said Wednesday it will stop making cars and engines in Australia by the end of 2017, with nearly 2,900 jobs to be lost, because of high production costs and competition.
OTTAWA — Advocates for enhancing the Canada Pension Plan say they are approaching the consensus required to press ahead with reform that would see both premiums and benefits rise in the future.
MONTREAL—Sun Media is ending a battle in Quebec with media rival Transcontinental by agreeing to sell its 74 publications and related websites for $75 million as it continues to adjust to a loss of advertising revenue caused by the digital revolution.
OTTAWA—Premier Kathleen Wynne emerged from a meeting with Stephen Harper satisfied that she has the prime minister’s ear on a massive mineral development in Northern Ontario.
“I’m more optimistic than I was before I went in to the meeting that we’ll be able to work together,” Wynne told The Canadian Press in a brief interview late yesterday.
MONTREAL—Sun Media Corp. is cutting another 200 jobs across the company, of which about a quarter will come from its editorial operations outside Quebec.
The company said it regrets the cuts it says are necessary to ensure its sustainability in the face of the unprecedented changes in the print media industry.
DEARBORN, Mich. — America’s first pony car — the Ford Mustang — is celebrating its 50th birthday with a swoon-worthy new design and plans to go global.