Aecon Group Inc.
TSX : ARE

Aecon Group Inc.

July 10, 2008 15:23 ET

Aecon Recognized as Having One of Canada's 30 Best Pension and Benefits Plans

TORONTO, ONTARIO--(Marketwire - July 10, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) announced today that it has been recognized as having one of Canada's 30 Best Pension and Benefits Plans.

The yearly list of Canada's 30 Best Pension and Benefits Plans, reported in the June edition of Benefits Canada magazine, is selected using research with more than 150,000 Canadian workers in more than 200 organizations by Hewitt Associates, a human resources outsourcing and consulting firm.

According to the data, 84% of employees working for companies on the list agreed, or strongly agreed that their benefits meet their needs and the needs of their families. The overall Canadian average is 67%.

"We are extremely pleased to be recognized by our employees as having one of Canada's 30 Best Pension and Benefits Plans," said Scott Balfour, President and CFO of Aecon Group Inc. "We conduct reviews of our pension and benefits plans against the marketplace and our industry on a regular basis to ensure they continue to respond to the needs of our employees. This recognition was a wonderful validation of our efforts, particularly as it comes directly from employees."

Aecon Group Inc. is Canada's largest publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canada as published by Report on Business Magazine.

The information in this news release includes certain forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties which are discussed in greater detail in the section entitled "Risk Factors and Uncertainties" in Management's Discussion and Analysis of operating results and Financial Condition for the year ended December 31, 2007 filed on SEDAR at www.sedar.com. Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.

Contact Information

  • Aecon Group Inc.
    Kristen Ridley
    Communication Manager, Corporate Affairs
    (416) 297-2600 ext. 3824
    Email: aecon@aecon.com
    Website: www.aecon.com