MONTREAL – Bell Canada Enterprises announced today it is cutting its management ranks by about 2,500 positions as part of an “organizational realignment focused on achieving a competitive cost structure,” reads the press release.
The number of terminations represent approximately 6% of the total Bell workforce or about 15% of management. These changes include the reduction in executive positions announced on July 11.
Combined with other reductions undertaken earlier this year, the changes announced today are expected to provide annualized savings of approximately $300 million, according to the company.
Non-management front-line service positions are not affected under this organizational realignment. And actually, Bell has been adding to its customer-facing service force since earlier this year, as it recognizes its need to improve customer service.
"It is always difficult to see colleagues depart, but these changes are absolutely necessary. We are moving forward with a streamlined management structure that brings everyone at Bell closer to the customer and allows us to compete more effectively," said George Cope, president and CEO of BCE and Bell Canada in the release. "This new structure positions us as a far more efficient and cost-effective operator in the intensely competitive Canadian communications marketplace."
