SNC-Lavalin books $2B charge, announces reorganization

MONTREAL -- SNC-Lavalin Group Inc. warns its 2019 results could be significantly lower than anticipated, largely due to cost overruns at some construction projects and says it will undergo a reorganization to exit or section off its poorer performing segments. The Montreal-based engineering giant is withdrawing all previous financial guidance for 2019, due largely to project cost adjustments in its resources and infrastructure segments. It will also book an additional $1.9 billion in impairment