Telus to eliminate 1,500 jobs to help lower expenses

VANCOUVER – Telus is cutting some 1,500 jobs in an effort to curb costs, amidst increases in third quarter revenues and profits.The company said Thursday that it is increasing “efficiency initiatives” by an additional $125 million next quarter, which will include eliminating approximately 1,500 full-time positions, many of which are voluntary departures and early retirements.“These are very difficult decisions to make but a necessary element of aligning our organization with the growth, customer service and capital allocation activities we are implementing", president and CEO Darren Entwistle said in a statement.For the third quarter ended September 30, 2015, Telus’ consolidated operating revenue...