After a stop-work order was announced in September, Manitoba Hydro International's 125 employees found out today that the subsidiary will be shut down and integrated into Manitoba Hydro and all permanent employees will be offered work at the parent company.
Intellectual property sales and marketing will continue as part of the parent company but the subsidiary's international consulting business will be wound down. All existing contracts will be honoured until they expire.
As well, the stop-work order remains in place for the Manitoba Hydro Telecom unit until a provincial request for proposal process, seeking third-party management, has been completed.
Manitoba Hydro CEO Jay Grewal said there's still a lot of work still to do as part of the reorganization, "including ensuring that all MHI employees are treated fairly throughout the transition."