2011 Privatization
In the summer of 2011 SNC-Lavalin won an international bidding process for the reactor design division of the company. Prior to the acquisition 10% of SNC Lavalin's international power workforce (400 of 4000) were engaged in the production and refurbishment of nuclear reactors. Concerns raised about the deal include a lack of commitment by SNC-Lavalin to keeping the design division intact (its size makes it more capable of providing ongoing safety support). For 2010 and 2009 combined Atomic Energy of Canada Ltd lost $493 million. Following divestiture of the reactor design division, AECL will consist of the current Nuclear Laboratories division, including the Chalk River laboratory (produces isotopes for medical imaging), and will continue to be a Crown Corporation
Read more about this topic: Atomic Energy Of Canada Limited, History