July 31 (Reuters) - SNC-Lavalin Group Inc SNC.TO :
* SNC-LAVALIN ANNOUNCES TRANSFORMATION OF RESOURCES BUSINESS
* SNC-LAVALIN GROUP INC - HEADCOUNT EXPECTED TO BE REDUCED FROM APPROXIMATELY 15,000 TO 8,000 BY END OF 2020 AND TO 6,000 BY END OF 2021
* SNC-LAVALIN GROUP INC - REVENUE FROM RESOURCES SERVICES BUSINESS EXPECTED TO CONTRIBUTE APPROXIMATELY 10% OF OVERALL SNC-LAVALIN TOTAL REVENUE IN 2021
* SNC-LAVALIN - RESOURCES BUSINESS EXPECTED TO BE PROFITABLE FOR 2021, REACHING BREAK EVEN ON SEGMENT ADJUSTED EBIT BASIS IN FIRST HALF OF 2021
* SNC-LAVALIN GROUP INC - RESIZING BUSINESS WILL RESULT IN EXPECTED ONE-TIME RESTRUCTURING COSTS OF APPROXIMATELY $50 MILLION TO $60 MILLION
* SNC-LAVALIN - RESOURCES SERVICES BUSINESS EXPECTED TO DELIVER QTRLY NEGATIVE SEGMENT ADJUSTED EBIT IN RANGE OF $15 MILLION TO $25 MILLION FOR REMAINDER OF 2020