TORONTO – Bell Media president Kevin Crull informed staff this morning that the company will be eliminating up to 120 positions from its Toronto television operations this summer.
Those affected will be informed over the next three weeks and the cuts will be completed by the end of summer. “The decision is a result of financial pressure related to advertising and subscription challenges across our TV services, a company spokesperson told Cartt.ca late on Monday.
The following is the full text of the memo sent to all staff from Crull today.
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This morning, Bell Media informed the Federal Minister of Labour that we will be required to eliminate up to 120 positions in our Toronto television operations. This represents a reduction of approximately 5% of our Toronto area workforce and 1.8% of the national team.
As you know, the television industry is subject to a competitive and fast-changing business environment. The difficult decision to reduce staffing in certain operations was made as we continue to face financial pressure related to advertising and subscription challenges across our TV services.
The specific affected positions and the exact number have yet to be identified. However, we will work as quickly as possible to ensure minimum disruption, and hope to resolve the situation by the end of the summer.
Such decisions are never easy, and I thank you in advance for your patience. Please contact your HR manager should you have any specific questions or concerns.
Kevin
