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Thread: Bell Canada with its annual cuts and layoffs

  1. #1
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    Default Bell Canada with its annual cuts and layoffs

    Right after their Bell Let's Talk campaign wraps up again. Tough day for a lot of Bell employees.

    https://www.ctvnews.ca/business/not-...offs-1.6760935

    TORONTO - BCE Inc. is selling off 45 of its 103 regional radio stations as it cuts nine per cent of its workforce, including journalists and other workers at its Bell Media subsidiary.
    The affected stations are in British Columbia, Ontario, Quebec and Atlantic Canada.

    The company announced Thursday in an open letter signed by chief executive Mirko Bibic that 4,800 jobs “at all levels of the company” would be cut.

    Some employees have already been notified or were to be informed Thursday of being laid off, while the balance will be told by the spring. Bibic said the company will use vacancies and natural attrition to minimize layoffs as much as possible.

    It marks the second major layoff at the media and telecommunications giant since last spring, when six per cent of Bell Media jobs were eliminated and nine radio stations were either shuttered or sold.

    In a separate internal memo, Bell Media president Sean Cohan said the company intends to divest 45 radio stations to seven buyers: Vista Radio, Whiteoaks, Durham Radio, My Broadcasting Corp., ZoomerMedia, Arsenal Media and Maritime Broadcasting. The sales are subject to CRTC approval and other closing conditions.

    “That's a significant divestiture. It's because it's not a viable business anymore,” said Bell chief legal and regulatory officer Robert Malcolmson in an interview with The Canadian Press.

    “We will continue to operate ones that are viable, but this is a business that is going in the wrong direction.”

    The company declined to say how many of the total job cuts were at Bell Media specifically.
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  2. #2
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    Default Re: Bell Canada with its annual cuts and layoffs

    They've been awful with this for like 5 years now. Tough to get behind such a good cause (from the optics of it, there's a ton of skeletons when you look at where the money goes) when they do this so soon after.
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  3. #3
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    Default Re: Bell Canada with its annual cuts and layoffs

    Ouch, cutting 4800 jobs that's not good at all!

  4. #4
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    Default Re: Bell Canada with its annual cuts and layoffs

    Awesome. A guy who worked for me used to work for Bell and told me he was not treated very well. You can bet that the executives will continue to receive their bonuses as layoffs continue. Business as usual for most large companies.
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  5. #5
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    Default Re: Bell Canada with its annual cuts and layoffs

    Damn hope my Binlaw keeps his sweet gig at TSN.

  6. #6
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    Default Re: Bell Canada with its annual cuts and layoffs

    Bell's CEO's compensation went up by almost 2.5M$ to over $13M from the previous year.

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