So far this story has only run in the local P&J and Evening News - which suggests either a leak or it is nonsense.
I'm guessing its not complete rubbish. Although CHC were able to anounce at 30% increase in dividends to their shareholders last week - it does seem credible because:
a The CHC Europe conncept has rumbled on for some time
b Some senior managers in Norway and Scotland have resigned this year allegedly in connection with these plans
c North Sea flying is generally down (CHC's European revenue and flying hours were both down about 5% in the last quarter over the same period last year, with exploration linked flying down one-third)
d Bond's reentry is not far off
e Unlike BHL's situation, almost none of CHC's operations in the growth non-European markets are run by Scotia or HKS - so the effect of a North Sea downturn is even stronger.
Plus there was a management/union meeting two days before the story emerged favouring a leak.
What really suprises me is that after a 7 day, 42 reply, 3389 views feeding frenzy over one set of (admittedly confirmed) job cuts this post has sat here without raising a comment.