SNC Girds for Canadian Graft Trial as CEO Says ‘We’ve Had Enough’
- Bruce says employees are ‘puck in a political hockey game’
- Shares fall as builder cuts dividend amid deepening slump
Pedestrians pass in front of SNC-Lavalin Group headquarters in Montreal.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
SNC-Lavalin Group Inc., the embattled Canadian builder at the heart of a political scandal that has reached into the prime minister’s office, has given up on settling corruption charges and is now focusing on preparation for a trial.
“Our employees are being used as a puck in a political hockey game, and frankly they don’t deserve it, and we’ve had enough,” Chief Executive Officer Neil Bruce told analysts Friday on a conference call. “So we are 100 percent concentrating now on defending ourselves in court.”