Cable / Telecom News

Shaw cuts 500

CALGARY – Shaw Communications made its first significant restructuring move under new CEO Brad Shaw on Wednesday, letting more than 500 people go.“About 150 were VP, director, supervisor, that sort of level,” company president Peter Bissonnette told Cartt.ca. “It was just over 500.” The payroll reduction will result in $30-$40 million in annual savings, he added.The hardest hit areas were Calgary, where approximately 150 were let go; the Vancouver area, with about 100 cuts (including the closure of the company’s Langley warehouse); and Saskatoon, where a 58-person call centre is being shuttered (traffic to that call centre will now head...