Bell Canada to Cut
The Wall Street Journal
Tuesday, July 29, 2008
said it is cutting about 2,500 positions at
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.