Radio / Television News

Corus implements some austerity measures, but no layoffs


TORONTO – Radio and TV broadcaster and content creator Corus Entertainment announced a number of new cost-cutting measures to its employees last Friday during an electronic conference call. In a nutshell, while there will be no layoffs right now, most full-time employees will be forced to take some unpaid days off this year and next (or work those days sans salary, if they choose) and the company has suspended its portion of paying into the employees pension plan from June 1 to August 31 this year. The plan will save the company several million dollars. About 1,000 of the company’s...