Friday, October 24, 2025

Latest

Bell Targets 1,200 Union Jobs in Latest Round of Cuts

Canadian telecommunications company Bell (TSX: BCE) will offer voluntary separation packages to approximately 1,200 unionized employees, citing “unprecedented challenges” in the industry, the company said Tuesday.

The buyouts, which do not affect Bell Media staff, follow the company’s largest restructuring in almost 30 years. In February 2024, Bell cut 9% of its workforce or 4,800 jobs, announced plans to sell 45 radio stations, and close more than 100 The Source stores. 

The company’s workforce reductions began in June 2023 with 1,300 job cuts, which Bell attributed to efforts toward “greater collaboration and efficiency” in news delivery. CEO Mirko Bibic later revealed that CTV conventional stations had lost over $180 million in 2023.

Unifor national president Lana Payne criticized the move as a “damaging stunt to temporarily reduce costs,” while Bell defended the program as a less disruptive way for employees to retire or pursue new opportunities.

The company attributes these new reductions to organizational changes and the transition to fiber networks, saying it continues to invest in areas that “enhance the customer experience and grow the business.”


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Canada Ends Decade-Long Federal Hiring Spree With 10,000 Job Cuts

Canada’s federal government eliminated nearly 10,000 jobs over the past year, marking the first reduction...

Monday, May 26, 2025, 10:31:00 AM

Canadian Retail Sales Plummeted in April Amid Third Wave of Covid-19 Restrictions

Retail sales across Canada were sent plunging downwards at the beginning of the second quarter,...

Wednesday, June 23, 2021, 04:51:00 PM

Canadian Federal Government to Accelerate Financial Support for Municipalities

Prime Minister Justin Trudeau has announced the federal government will be accelerating the $2.2 billion...

Tuesday, June 2, 2020, 08:09:39 PM

Annual Inflation Jumps to 2.2% In March

Annual inflation levels across Canada jumped to 2.2% in March, largely due to the drop...

Thursday, April 22, 2021, 10:44:00 AM

Canada’s 2021 Drilling Forecast Upgraded Due to Higher Commodity Price Outlook

Amid a rise in global crude oil prices in the beginning of the year, the...

Friday, January 29, 2021, 11:42:00 AM