.jpg)
Though new to the Canadian market, job loss insurance has been available in the U.S., Europe, and Australia. In the event of involuntary job loss, the insurance will cover mortgage payments up to six months for as much as $4,000 per month. Young notes that the product has been test marketed in various regions across Canada since early 2010 and response from home buyers and mortgage brokers to date has been very positive. He adds that the insurance is not expensive and is based on the amount of the mortgage. For some clients it can be as low as $10 per month.
Pennecon Gets Energy Boost
Pennecon Energy has restructured operations in order to provide its clients with a more tightly integrated service offering. Along with officially re-titling all of its component companies with the Pennecon banner, the move also achieves greater organizational efficiency through shared administrative and management resources. “This enables all divisions of Pennecon Energy to increase their throughput in our facilities without increasing our overheads,” says company head, Don Noseworthy. The common branding also provides a less complicated appearance to clients as it makes the scope and skill set of the company easier to comprehend.
Noseworthy says the restructuring gives Pennecon Energy the ability to increase its volume of business without having to increase overhead costs. “Simultaneously with these announcements, we are modifying our operating systems for both accounting/project controls, and also for our Quality Assurance and Health, Safety, Environment and Security systems.”
The revamped Pennecon Energy reflects a tighter management structure and improves on the company’s existing multi-disciplined resources. Rhonda Devine, former manager of Ozark Services has been promoted to general manager of Pennecon Energy Technical Services for both NL and NS. Long time manager Eddy Knox, originally VP of Offshore Services for Hydraulic Systems, has been promoted to the position of general manager of Pennecon Energy Hydraulic Systems for both NL and NS. Paul Stanley, previously VP of Ozark Services and Hydraulic Services, has been reassigned to the position of general manager of Technical and Strategic Planning for all of Pennecon Energy. Finally, Laudric Jenkins (previously manager of Finance) has stepped into the role of general manager for Finance and Administration for all of Pennecon Energy.
Pennecon Energy is a division of Pennecon Limited, the construction arm of the Penney Group. The Energy Division employs over 150 full time personnel in offices located in St. John’s, Paradise, Bay Bulls, Long Harbour and Dartmouth, NS, and has expanded its workforce to approximately 1,000 personnel.
Pennecon Energy’s Corporate Realignment:
- Pennecon Energy Technical Services (formerly Ozark Services Ltd.)
- Pennecon Energy Hydraulic Systems (formerly Hydraulic Systems Ltd)
- Pennecon Energy Marine Base (formerly Bay Bulls Marine Terminal Inc)
- Pennecon Energy Industrial Services (formerly Penney Industrial Ltd)
- Pennecon Energy Projects Group (New)
Clearwater Lands another Sustainable Catch
For environmentally conscious consumers, Marine Stewardship Council certification is the gold standard in sustainable fish harvesting. It’s a standard that Clearwater Seafoods of Bedford, Nova Scotia has earned four times over with the recent addition of Eastern Canadian Offshore Lobster to its MSC roster (joining Canadian Sea Scallops, Argentine Scallops and Canadian Coldwater Shrimp). It is the first Canadian lobster fishery to achieve the MSC certification.
Becoming certified required Clearwater to meet strict environment standards and prove that its product is being harvested and managed using sustainable methods. “I am delighted the Eastern Canadian offshore lobster fishery has met the MSC standard and congratulate the fishers, management agency and Clearwater Seafoods on this successful certification,” said Marine Stewardship Council CEO Rupert Howes in a published statement. “With increased demand for credible, certified, sustainable seafood choices around the world, I have no doubt that MSC recognition will add value to this fourth MSC-certified species for Clearwater Seafoods. I wish Clearwater every success.”
Clearwater CEO Ian Smith says his company’s next goal is to extend the MSC standard to its inshore catch. “Our offshore catch is limited and the inshore fishery is a key component of our global lobster sales.” He believes Canadian lobster has been undervalued in the marketplace and hopes the new certification will improve differentiation and customer demand.
