3,300 Shaw employees opt to take buyout; CFO Culmone leaves (updated)

Phase one of “Total Business Transformation” had targeted just 650CALGARY – Over the next 18 months, fully 25% of Shaw Communications’ current workforce will leave. Company president Jay Mehr says that’s a good thing.Last month the company offered 6,500 employees the chance to move on with their careers outside of Shaw, enticing them to think hard about their futures with one of the most generous severance packages we’ve ever heard of – six months of full pay plus one month of pay for every year worked at Shaw. These are the types of buyouts companies normally save for executives.When it...