Bell Canada to cut 4,800 jobs, cites ‘unsupportive’ government among factors ...Middle East

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OTTAWA (Reuters) -Bell Canada said on Thursday it was slashing 4,800 jobs to rein in costs that the media and telecom company blamed on declining legacy phone and news business and “unsupportive” government and regulatory decisions. Bell’s biggest restructuring in about three decades will see about 9% of its workforce laid off and marks the second shakeup since last year, when it announced plans to cut 1,300 workers as revenue from legacy businesses dried up. “We need to take additional measures in response to increasingly unsupportive federal government and regulatory decisions,” Bell CEO Mirko Bibic said as the company reported financial results, whi

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Bell Canada to cut 4,800 jobs, cites ‘unsupportive’ government among factors ...Middle East

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