Latest news with #contractor
CTV News
a day ago
- Business
- CTV News
Demolition of abandoned building in downtown Red Deer postponed
The Empire Building in Red Deer in June 2024. (Google Street View) An abandoned building in Red Deer's downtown that was slated for demolition starting Friday will remain standing for now. The city announced earlier this week that crews would begin tearing down the Empire Building at 4909 48 St. starting Friday. On Thursday, officials announced the demolition had been put on pause. 'Due to some unexpected circumstances and an abundance of caution, the demolition will be postponed while the contractor proceeds with investigation and preparation work,' the city said in a news release. 'When a new timeline is determined, we will provide an update.' The building has sat empty since a fire in October 2021 despite calls from residents to demolish it.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Babcock International Earnings Rise After Strong Nuclear, Marine Performances
Babcock International BAB -1.81%decrease; red down pointing triangle reported higher revenue and underlying operating profit for its fiscal year after The British defense company–a major contractor for the U.K. government–on Wednesday reported revenue of 4.83 billion pounds ($6.58 billion) for the year ended March 31 compared with 4.39 billion pounds the year before.
Argaam
4 days ago
- Business
- Argaam
Saudi Paper to commence trial operation of fifth production line in Q3 2025
Saudi Paper Manufacturing Co. (SPM) announced today, June 24, that trial operations for its 5th production line are scheduled to begin in Q3 2025, with overall project completion reaching 85%. In a statement to Tadawul, the company explained that natural conditions at the project site caused delays in the location's preparation, which in turn affected the previously expected timeline for the completion of civil works. The company also confirmed that it finalized the contract termination procedures with the former contractor in compliance with the provisions of the agreement. Saudi Paper clarified that project costs remain unchanged, and the total contract value has not increased due to the delay. The company expects the financial impact of the fifth production line to materialize on its results starting from Q3 2025. Further updates will be disclosed as developments occur, the statement added.
Daily Mail
5 days ago
- Business
- Daily Mail
Man snubs grovelling ex-boss who fired his stepfather over 'trivial' dispute - then begged him for work years later
A man has revealed how he got the ultimate payback on his stepfather's old boss by turning him down for a lucrative contract years after the boss had fired his stepfather over a petty disagreement. Posting to Reddit 's Petty Revenge forum, the man detailed how the tables had turned spectacularly when he found himself in a position of power - and the former boss came crawling back. 'Back in 1997, my step-dad was the operations manager at a company that did telecommunications work,' the man wrote. 'He hired me to work at the company for the summer, but I ended up enjoying the work and made a career out of it.' Just four months into the job, however, things took an unexpected turn when his stepfather was abruptly fired by the company's owner following a minor disagreement. Despite this injustice, the original poster stayed on for another 18 months, citing his own frustrations with the company, including being underpaid and denied promised benefits, before moving on to a more promising role with a major telecommunications provider. Eventually, he climbed the ranks and landed a position where he was in charge of hiring contractors - companies just like the one that had once employed him and his stepfather. 'One day I got a call out of the blue from the owner of the contractor company,' he wrote. The same man who had once sacked his stepfather now wanted to do business with him. 'He wanted to see if he could get on my list of approved contractors and was hoping we could discuss it over lunch,' the man explained, noting that such contracts typically ranged between $75,000 to $200,000 each, and that he handled 20 to 30 projects a year. It was, in short, a potentially huge payday for the desperate boss. 'I agreed to a lunch date with the owner at a fancy restaurant I always wanted to try,' he continued. Over lunch, the boss made his pitch, talking up his company's capabilities, its employee-focused values and its record of high-quality work. 'I mentioned that I used to work for his company and he clearly didn't remember my name. I also asked if he remembered the guy who hired me, and he said he did. 'When I mentioned he was my step-dad, the look of panic in his eyes set in. He clearly remembered him. 'I closed out the lunch meeting with a thank you for the food and an apology that my contractor list was full of more capable contractors, but would keep him in mind if something were to change. I never heard back from him again.' The tale has since gone viral, racking up over 36,000 'upvotes' and sparking a flurry of comments applauding the satisfying twist of fate. One commenter summed up the mood, writing: 'Be nice to the people you see on your way up. You will see them again on your way down.' Another added: 'Karma is the great leveler in life.' The boss's reaction clearly struck a chord with many: 'The look of panic - you'll never forget that moment,' one user wrote, while another quipped: 'When karma drops off a nice meal on its way to do its thing, that's a double win.' Some users were curious to know how the man's stepfather reacted to the poetic justice, only to learn that he had sadly passed away before the fateful lunch meeting. But the man had shared the story with his mother, who 'got great joy out of it.' 'I just love the fact you're tight enough with your stepdad that you're more than willing to strike out for him,' one person commented. The original poster replied: 'I lived with him since I was three years old, so for all intents and purposes, he was my dad. 'He is 100 per cent the person I try to emulate in my morals, ethics and how I carry myself. Sadly he passed away several years ago.' Others reflected on the broader lesson behind the story, praising the man's sense of integrity. 'Karma is very real. Treat people fairly and (usually) it won't come back to bite you,' one person wrote.
Yahoo
7 days ago
- General
- Yahoo
Outdoor ceiling collapses at Paul Reynolds Centre, forcing closure
The Paul Reynolds Community Centre in St. John's is going to be closed until further notice, after part of the entrance ceiling collapsed Friday evening. In a statement, City of St. John's spokesperson Jackie O'Brien said it was partial collapse, and that the facility is now closed for repairs and to secure the area. "The City takes safety concerns very seriously and will continue to investigate the cause of the incident," said O'Brien. The centre will remain closed over the weekend, with an update to be provided on Monday, June 28. Centre plagued by problems This is not the first structural problem the Centre has experienced since it opened in 2017. The centre had a delayed opening, after it experienced various construction delays. And a month after opening, the building's contractor sued the city of St. John's for $4.9M, stating that it owned them money. On the other hand, the city said the contractor failed to complete the centre on time. The suit was settled in 2024. In 2019, the city had to pay another $945K to repair the centre's HVAC system, after the centre experienced multiple closures due to a series of issues and repairs. Excessive moisture caused corrosion of the buildings infrastructure, forcing the closure of the pool area. The pool was closed again after it was determined that the building's ceiling-mounted sound panelling was in danger of collapsing into the pool below. The Paul Reynolds Community Centre officially opened in 2017, coming in at a cost of $32-million. Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Click here to visit our landing page.
