Province adds up the cost of ending STC service
As Greyhound gets ready to pull its service out of Western Canada, we’re getting a better picture of how much the Saskatchewan Transportation Company (STC) wind-down cost the province.
As part of its annual report released on Friday, the Crown Investments Corporation (CIC) said closing the company had cost $6.9 million up to Mar 31, 2018.
The vast majority of that money was for employee severance and arbitration, at $5.8 million.
Minister responsible for CIC, Joe Hargrave, said he’s comfortable with what the wind-down has cost – that it had to be done professionally and as openly as possible.