Sun. Mar 3rd, 2024

Montréal International met on foot 19% of its employees

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Stéphane Paquet has been President and CEO of Montréal International since 2020 .

The Canadian Press

The ax falls on Montréal International, which is laying off nearly 19% of its workforce. This organization lost certain mandates from Quebec and the federal government and its budget envelope did not keep up with inflation.

Montréal International has announced to 16 of its 85 employees that they were being laid off on Wednesday, The Canadian Press has learned.

This organization also sent an email to its partners in which it reiterates that the missions of attracting foreign investments and recruiting foreign workers will continue.

The president and CEO of Montréal International, Stéphane Paquet, confirmed the news in an interview. He attributes this decision to three factors.

The organization lost a mandate to attract foreign students granted by the Ministry of Education. #x27;Immigration, Francisation and Integration (MIFI).

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In addition, three mandates of the Economic Development Agency of Canada (aerospace, clean technologies and east of Montreal) will not be renewed. Furthermore, its financing is stagnating in a context of high inflation.

The MIFI decision also affects Québec International, which has laid off three of its 36 employees, confirmed its spokesperson, Isabelle Cloutier, in an email. /p>

At MIFI, we respond that the recruitment of foreign students will be ensured by other partners.

By focusing on foreign labor recruitment activities, Montréal International will be able to respond well to the needs of the labor market for Quebec's priority sectors, explains Maude Méthot-Faniel, spokesperson for Minister Christine Fréchette, in a written statement.

It was not possible to x27;obtain an immediate reaction from Minister Soraya Martinez Ferrada, responsible for the Economic Development Agency of Canada for Quebec.

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