Iristel readying job cuts as Federal Court will hear tax relief case this year

Company has never made cuts before By Ahmad Hathout MARKHAM – Iristel is preparing to lay-off staff in charge of its wireless expansion plans, its president told Cartt.ca, as the Federal Court is set to hear its case for the release of tax refunds withheld by the CRA pending its completion of an audit of the company. Ongoing litigation since late March against the CRA, which has refused to release tax refunds to Iristel on an allegation the company is using illegitimate suppliers for its long distance call business, has stalled the company’s ability to pay suppliers and curbed its...