Bell Canada to Cut 2,500 Jobs
Associated Press
The Wall Street Journal
Tuesday, July 29, 2008

BCE Inc. said it is cutting about 2,500 positions at Bell Canada, representing about 6% of the unit's total workforce, as it attempts to streamline its management and lower costs.  The company, which is being taken private in a $35 billion private-equity deal, said it expects the cuts to save about $300 million Canadian dollars ($294 million) in annual costs.  The cuts include a 30% reduction in executive jobs revealed earlier this month, and don't include nonmanagement positions, the company said.  The moves were expected after Chief Executive George Cope took over from then-CEO Michael Sabia earlier this month.  BCE has more than 54,000 employees.

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