Cable / Telecom News

Bell cutting management by 15%


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....