MONTREAL - The former owner of Aeroplan will cut about one-quarter of its workforce as it charts a new course following the sale of the loyalty program to an Air Canada-led consortium. Aimia chairman of the board Robert Brown is pictured prior to a special shareholders meeting Montreal on January 8, 2019. Loyalty program company Aimia Inc. says it will cut about 25 per cent of its workforce as its charts its course following the sale of its flagship Aeroplan program. In February, the company announced it had sold Nectar, a U.K. loyalty program, to British retailer Sainsbury for $105-million, 11 years after Aimia bought it for $755-million. Aimia completed the sale of the Aeroplan loyalty program to Air Canada on Jan. 10.

Source: thestar March 28, 2019 12:00 UTC