Air Canada 2006 Annual Report Download - page 101
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Special charge for labour restructuring
A workforce reduction plan was announced in February 2006 to reduce non-unionized employee levels by
20 percent. A special charge of $28 was recorded in the Air Canada Services segment in Quarter 1 2006
relating to this program. During Quarter 4 2006, the estimated cost of this plan was revised due to the
favourable impact of attrition and other factors which reduced the cost of achieving the target. As a result,
the Air Canada Services segment recorded a reduction of $8 in Quarter 4 2006 to the special charge for
labour restructuring.
The Corporation offers certain severance programs to certain employees from time to time. The cost of these
programs is recorded within operating expenses. The Corporation does not have any continuing obligation to
offer these programs.
101
Combined Consolidated Financial Statements 2006