TORONTO - Leitch Technology announced today that it will cut between 75 to 100 staffers in Toronto as part of its overall cost-cutting plan. The company, a leading provider of SD/HD solutions for the professional digital video industry, “today announced that as part of its supply chain cost reduction plans and to increase its manufacturing flexibility it will be outsourcing some of its Toronto-based activities. As a result, approximately 75 to 100 staff will be affected and receive severance packages over the next several months,” reads the press release. Charges associated with this decision are expected to be approximately $3...
