Bell Canada to Lay Off 9 Percent of Workforce, Sell 45 Radio Stations

Bell Canada today announced its plans to cut nine percent of its workforce and sell 45 of its 103 regional radio stations across the country. An open letter from CEO Mirko Bibic on Feb. 8 revealed that 4,800 jobs “at all levels of the company” would be cut as part of a company restructuring effort. The workforce reduction, the largest in nearly 30 years, will occur over the “coming weeks,” according to Bell’s latest quarterly report. “Restructuring decisions are incredibly tough for all of us because it affects the people we work with and care about,” Mr. Bibic wrote. “Wherever possible, we are using vacancies and natural attrition to minimize the impact on our team.”...