Bell Canada Slashes 2,500 Jobs
BCE plans to reduce Bell Canada’s workforce of 54,000 employees by 6% in order to streamline management and lower costs. The company, which is being taken private in a $35 billion private-equity deal, said it expects the employee reductions to save about $294 million in annual costs.
The cuts include a 30% reduction in executive jobs, and don't include non-management positions, the company said.
The moves were expected after CEO George Cope took over the reins from then-CEO Michael Sabia earlier this month.