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Manitoba agencies report buyout saves millions. Hydro to raise rates
The Manitoba Lotteries Corporation bought out 269 employees for 2.3 million, saving over 8 million annually in salaries and benefits amid revenue declines blamed on smoking bans. Manitoba Hydro posted 2003 losses of 436 million and 42 million in Q1 2004, prompting a 10 percent rate increase. Net debt rose to 10.2 billion driven by pension liabilities, while Alberta remains debt free.
MENTIONED IN THIS ARTICLE
Manitoba Lotteries Corporation
MLC
Winnipeg
Brandon
Manitoba Hydro
Hydro
Manitoba
Public Utilities Board
Alberta
Texas
Florida
Iraq
Armenia