Shaw Cutting 25% of its Workforce

3,300 employees accept buyouts — far above company’s original estimate of 650

                            Shaw originally estimated about 10 per cent of the 6,500 eligible employees would take the voluntary buyouts.Peter J. Thompson/National Post
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Shaw Communications says 3,300 of its employees have decided to take a voluntary buyout package — far above the company’s original estimate of about 650.

The Calgary-based company says that about one-quarter of its workforce will be departing as part of a previously announced multi-year transformation of its business.

Shaw originally estimated about 10 per cent of the 6,500 eligible employees would take the voluntary buyouts, which were announced about two weeks ago.

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Published on February 15, 2018 at 7:05 am by mikedup

Comments

February 15, 2018 - 10:07 am

Les H.

25% cut! Holey CRAP! How does a company employ 25% more people that it ultimately needs? And to have to rid itself of 25% staff in essentially one fell swoop?

Management NEEDS to be held to account to ever allow in reality 25% more people than it needs to be hired and thus later see as unneeded. Um, if these people were so critical, how does a company LET THE 25% STAFF GO! and not see massive loss of service quality?


February 15, 2018 - 10:33 am

News watcher

It’s a revamping of the business, foretelling the demise of the cable TV business and a focus on mobile. The company will make money on this process after 2020. It will take a near half-billion hit now.


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