Canwest cuts 560 jobs, lays part of blame at feet of Commission

WINNIPEG - Canwest Global let go 560 employees today as part of an effort to cut the broadcast and newspaper company’s annualized operating costs by approximately $61 million. Of that number 210 are being cut from the broadcasting side. The job cuts amount to 5% of the company's total workforce and will happen through voluntary buyouts, attrition and reductions. These reductions are in addition to several hundred jobs that have already been eliminated over the last two years. “These actions are a result of the current economic environment as well as the structural challenges in the conventional television model,” said...