AUSWR
The Association of U S West Retirees
 

 

 

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.

http://online.wsj.com/article/SB121725777997990023.html?mod=telecommunications_primary_hs